Crypto Firm FalconX Buys Big Stake in Monarq—What Could Possibly Go Wrong? 😂💸

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Well, folks, FalconX has decided to dip its toes—or maybe jump headfirst—into the murky waters of asset management by snagging a majority stake in Monarq Asset Management’s parent company. You know, just your typical “let’s take over the hedge fund that handles crypto strategies” move. Nothing says stability like betting on volatile digital assets with other people’s money. 🚀

The deal, which—shocker—wasn’t exactly made public in all its sordid details, appears to be part of FalconX’s master plan to expand beyond its usual crowd of hedge funds, trading firms, and asset managers. It’s like a kid in a candy store, if the kid’s candy were high-stakes crypto investments and the store was… well, a mostly unregulated wild west. Bloomberg reports that FalconX is now eyeing endowments, pensions, and families with more money than sense who are eager to pour their retirement savings into something that might, or might not, blow up spectacularly. 🎯

FalconX, which already offers trading, credit, and custody services—because what could possibly go wrong when you combine all those?—is now aiming to serve those unlikely folks, who prefer their investments a little more “adventurous.” Meanwhile, Monarq—formerly known as MNNC Group—has roots in the Cayman Islands and was launched by folks behind LedgerPrime. Because nothing screams stability like a hedge fund registered in a tax haven. 🏝️

CEO Shiliang Tang, a charming ex-Wall Street volatility trader, assures us this partnership will help scale Monarq’s fancy quantitative strategies and get them into the hands of big institutional players. You know, the kind who are less likely to check their investments every five minutes. Currently, Monarq manages several hundred million dollars employing delta-neutral, directional, and probably some other confusing strategies across both centralized and decentralized platforms—because, why not? 🤷‍♂️

FalconX’s Acquisition Frenzy

This isn’t FalconX’s first rodeo. No, they’ve been busy snapping up other crypto companies like Arbelos Markets—co-founded by Tang himself—in a bid to dominate the digital asset universe. Valued at a modest $8 billion in 2022, they’re now eyeing even more acquisitions because, apparently, enough is never enough. A “wave of consolidation,” says Austin Reid, FalconX’s head of world domination, or something close to that. 🌊

And if that wasn’t enough, FalconX recently teamed up with Standard Chartered—yes, a traditional bank—to make crypto transactions smoother and faster for their global ambitions. Because nothing says “trust me with your life savings” like a big bank and a crypto company joining forces across Asia, the Middle East, and the good ol’ U.S. of A. Both sides are confident growth is just around the corner, as long as nothing blows up first. 🚧

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2025-06-02 17:50