FalconX has Raised $150 million in Series D Led by GIC and B Capital

A $150 million Series D, led by the Swiss investment company B Capital and the Singaporean sovereign wealth fund GIC, has been closed by the digital assets platform FalconX. While many cryptocurrency startups find it challenging to secure new funding, FalconX has more than quadrupled its valuation through this round, which was announced today in a statement, from $3.75 billion to $8 billion. Requests for clarification regarding the precise closing date of the investment round received no response from a FalconX spokesman. Institutional investors access cryptocurrency strategies through the FalconX platform through a single interface. Additionally, it provides a solution to help banks and fintech companies sell cryptocurrency products. Falcon is Hiring The agreement comes as FalconX prepares to hire 55 new staff, or a 30 percent headcount expansion, over the next few months. It plans to increase its offerings to institutions, including trade execution, credit, and prime brokerage, by investing in acquisitions, technology, and data analytics. Yarlagadda said, “Over the next 12 to 18 months, we do expect a very volatile market. And, given that volatility, we see very strong opportunities for acquisitions.” Onboard Clients of FalconX FalconX enjoyed the strongest client onboarding in its history in the first quarter of the year, contributing to its privileged position in the cryptocurrency industry. Despite the current market vola...