NEW
YORK, March 16, 2025 /PRNewswire/ -- FalconX, a
leading digital asset prime broker, today announced that it has
executed the first-ever block trade of CME Group's newly launched
Solana (SOL) futures product with StoneX, a leading
global financial services firm. This milestone demonstrates
FalconX's continued leadership in institutional
cryptocurrency derivatives trading while highlighting
the accelerating institutional adoption of digital assets like
SOL.
"FalconX is proud to execute the first block trade in CME SOL
futures with StoneX. This highly anticipated launch marks a
historic moment for the Solana ecosystem, allowing
institutional investors to manage risk and price exposure on a
regulated venue," said Josh
Barkhordar, Head of US Sales at FalconX. "This inaugural
trade reinforces our commitment to offering a world-class
derivatives franchise with exceptional speed-to-market capabilities
that institutional clients require."
CME Group's launch of SOL futures responds directly to
increasing institutional demand for regulated access to digital
assets beyond bitcoin and ether. As
Solana continues to attract growing developer and
institutional interest, CME Group's SOL and Micro SOL futures
provide investors with capital-efficient ways to manage exposure,
execute sophisticated hedging strategies, and expand their
crypto portfolios within a trusted and compliant
trading venue.
"StoneX and StoneX Digital are proud to support CME's innovative
initiatives to enhance institutional access to
cryptocurrencies through a regulated and compliant
suite of listed derivatives," said Eric
Rose, Head of Digital Asset Execution at StoneX Digital.
"Our ability to offer execution and clearing services for CME
futures seamlessly complements our spot trading capabilities,
further strengthening StoneX's responsiveness to client demands and
reinforcing the firm's commitment to providing institutional access
to the digital asset ecosystem through a trusted and reliable
counterparty."
FalconX continues to serve as a key liquidity provider for CME
Group's comprehensive suite of cryptocurrency
derivatives. This pioneering SOL futures trade showcases FalconX's
unique ability to connect institutional investors with cutting-edge
cryptocurrency products in a secure, compliant
environment, further cementing the firm's status as the trusted
institutional gateway to digital asset markets.
For more information, visit www.falconx.io
About FalconX
FalconX is a leading digital assets
prime brokerage for the world's top institutions. We provide
comprehensive access to global digital asset liquidity and a full
range of trading services. Our 24/7 dedicated team for account,
operational and trading needs enables investors to navigate markets
around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the
first CFTC-registered swap dealer focused on
cryptocurrency derivatives.
FalconX is backed by investors including Accel, Adams Street
Partners, Altimeter Capital, American Express Ventures, B Capital,
GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and
Wellington Management. FalconX has offices in Silicon Valley,
New York, London, Hong
Kong, Bengaluru, Singapore
and Valletta. For more information
visit falconx.io or follow FalconX on X and LinkedIn.
"FalconX" is a marketing name for FalconX Limited and its
affiliates. Availability of products and services is subject to
jurisdictional limitations and FalconX entity capabilities. For
more information about which legal entities offer particular
products and services, please see the disclosure on our public
website, incorporated herein, or reach out to your relationship
contact.
About StoneX
StoneX Group Inc., through its
subsidiaries, operates a global financial services network that
connects companies, organizations, traders and investors to the
global market ecosystem through a unique blend of digital
platforms, end-to-end clearing and execution services, high touch
service and deep expertise. The Company strives to be the one
trusted partner to its clients, providing its network, product and
services to allow them to pursue trading opportunities, manage
their market risks, make investments and improve their business
performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global
Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than
4,400 employees serve more than 54,000 commercial, institutional,
and payments clients, and more than 400,000 retail accounts, from
more than 70 offices spread across six continents. Further
information on the Company is available at www.stonex.com. StoneX
Digital LLC ("SXD") is a subsidiary of StoneX Group Inc. and is
dedicated to providing institutional clients with access to
multiple products and services for digital assets. SXD is not a
registered broker-dealer or futures commission merchant subject to
federal securities or commodity regulations and does not solicit
securities or futures. SXD seeks to provide institutional clients
the flexibility and tools to interact with markets on their terms
and enable them to trade cryptocurrencies.
Media Contact:
media@falconx.io
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SOURCE FalconX
