- Digital asset brokerage FalconX announces expansion into Hong Kong.
- The platform expanded its services to Singapore in 2023 as it looks to grow its presence in APAC.
- FalconX recently partnered with TC ICAP Fusion digital assets.
The team at FalconX, a prime digital asset brokerage for institutions, has revealed that it is expanding its business cryptocurrency services and products in Hong Kong. FalconX shared the news via a post on its X account.
Hong Kong is growing as a crypto hub
FalconX announced that the expansion plans come amid growing demand from global institutions for efficient, secure and regulated exposure to the crypto asset class. The platform shared its plans via an announcement on Thursday.
The goal is to extend its over-the-counter (OTC) brokerage and crypto derivatives products to institutional investors. These include fund managers, proprietary trading firms and family offices among other professional investors.
Hong Kong continues to grow into a leading hub for cryptocurrency innovation, said Matt Long, FalconX general manager for the Asia-Pacific region. His company’s move to the region will position him as Hong Kong brings further regulatory clarity, with Web3 set to benefit.
FalconX is looking to make inroads into the Hong Kong market following its entry into Singapore in February 2023.
In January this year, FalconX entered into a strategic partnership with Fusion Digital Assets, an FCA-registered spot cryptocurrency exchange of London-based financial services firm TC ICAP.
According to a press release published on January 31, FalconX said the integration will bring competitive pricing and liquidity to its platform.
