Digital assets prime brokerage FalconX, whose clients include financial institutions, hedge funds, and asset managers, has expanded its service offering into Singapore with Matt Long joining the firm as general manager and Ave King as chief compliance officer, both based in the city state.
Digital assets prime brokerage FalconX, whose clients include financial institutions, hedge funds, and asset managers, has expanded its service offering into Singapore with Matt Long joining the firm as general manager and Ave King as chief compliance officer, both based in the city state.
Alongside these key executive hires, FalconX is also launching its OTC derivatives business in Singapore to service institutional clients across APAC.
The international expansion follows a year of significant growth for the company, closing out 2022 with an $8 billion valuation after a $150 million Series D funding round led by B Capital and GIC, the sovereign wealth fund of Singapore.
FalconX believes Singapore is an ideal regional location for the business. “Expanding internationally to Singapore is a strategic move, as it’s known globally for its heavy investment in the future of blockchain and digital finance,” said CEO Raghu Yarlagadda. “With Matt and Ave at the helm, the Singapore team is poised to accelerate FalconX’s growth in APAC as we continue to shape the future of finance on a global scale.”
Long brings over 20 years of experience across digital assets, traditional financial markets and technology and investing in disruptive businesses. Immediately prior to joining FalconX, Long was Managing Director and Head of Prime Brokerage and SaaS at institutional digital asset platform OSL.
King also has more than 20 years of industry experience and prior to joining FalconX, held roles at Bitstamp, Coinbase, Deutsche Bank and JP Morgan.
