FalconX – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 27 May 2025 21:00:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 FalconX – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Maple Finance, FalconX secure Bitcoin-backed loans from Cantor Fitzgerald — Report https://earlybirdsinvest.com/maple-finance-falconx-secure-bitcoin-backed-loans-from-cantor-fitzgerald-report/ https://earlybirdsinvest.com/maple-finance-falconx-secure-bitcoin-backed-loans-from-cantor-fitzgerald-report/#respond Tue, 27 May 2025 21:00:11 +0000 https://earlybirdsinvest.com/maple-finance-falconx-secure-bitcoin-backed-loans-from-cantor-fitzgerald-report/

Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services.

According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secured a facility worth over $100 million as part of a “broader credit framework,” while Maple Finance reportedly closed the first tranche of an agreement with Cantor.

The service allows companies holding Bitcoin to borrow funds and use the cryptocurrency as collateral, providing a way to unlock liquidity without selling their BTC holdings. Cantor announced its Bitcoin financing business with an initial capital of $2 billion in July 2024, targeting institutional investors seeking to leverage their Bitcoin. At the time, the company said Anchorage Digital and Copper would serve as custodians and collateral managers in the venture.

Credit markets are a fundamental part of the financial system, allowing capital to flow between borrowers and lenders and supporting economic activity across sectors. Their central role also means they can contribute to financial distress when risks are mismanaged. While mirroring some functions of traditional finance, crypto credit markets have been operating with less regulatory oversight.

Digital asset crisis of 2022

This dynamic was evident during the 2022 crisis in the digital asset sector. Celsius Network, once a leading crypto lending platform, collapsed after engaging in risky financial practices and facing allegations of fraud. Similarly, BlockFi filed for Chapter 11 bankruptcy in November 2022 following significant exposure to the collapse of crypto exchange FTX.

According to a report from Galaxy, the total crypto lending market, including crypto-backed collateralized debt positions (CDPs) tied to stablecoins, stood at $36.5 billion in the last quarter of 2024, marking a 43% decline from its all-time high of $64.4 billion in 2021. Despite the broader contraction, onchain lending platforms have seen a dramatic rebound, with open borrowed positions surging to $19.1 billion by Q4 2024, a 959% increase over two years.

Lending, Digital Asset
Crypto lending markets remain well below their Q1 2022 peak. Source: Galaxy

Cantor’s crypto arm

Cantor is one of the most traditional financial services companies in the United States. Founded in 1945, it offers a range of services for institutions, including investment banking, brokerage, equity and fixed-income sales and trading. The company claims to serve over 5,000 clients across 20 countries.

The company’s CEO, Howard Lutnick, has been an advocate for classifying Bitcoin as a commodity, akin to gold and oil, and has called for clearer regulatory frameworks for cryptocurrencies in the US. Lutnick was also appointed to co-lead US President Donald Trump’s transition team in 2024.

Cantor is also one of the managers of Tether’s US Treasury securities portfolio backing its stablecoin. In early 2024, the firm acquired a 5% stake in Tether.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

]]> https://earlybirdsinvest.com/maple-finance-falconx-secure-bitcoin-backed-loans-from-cantor-fitzgerald-report/feed/ 0 38652 falconx and standard chartered partners promote digital asset ecosystem for institutional clients https://earlybirdsinvest.com/falconx-and-standard-chartered-partners-promote-digital-asset-ecosystem-for-institutional-clients/ https://earlybirdsinvest.com/falconx-and-standard-chartered-partners-promote-digital-asset-ecosystem-for-institutional-clients/#respond Thu, 15 May 2025 03:46:12 +0000 https://earlybirdsinvest.com/falconx-and-standard-chartered-partners-promote-digital-asset-ecosystem-for-institutional-clients/ Bengaluru-Headquard Digital Assets Prime Brokerage Firconx has entered into a partnership with Standard Chartered. The strategic alliance was Falconx’s first collaboration with global traditional banks, noting a Reuters report on May 14, 2025. Does this indicate an increasing institutional demand for digital assets through traditional financial channels?

“The collaboration with Falconx highlights our commitment to moving forward with the Digital Asset Ecosystem,” said Luke Boland, Head of Fintech, ASEAN, South Asia and GCNA at Standard Chartered.

Partners expand beyond traditional banksNCLUDE products and services for asset managers, hedge funds, token issuers, and payment platforms.

Tackling the growing demand for institutional demand for digital assets, Borland is proud to provide a banking infrastructure that enables companies such as Falconx to provide world-class trading and financing solutions to institutional customers, as the institutional demand continues to increase.

Meanwhile, Matt Long, general manager of APAC and Middle East at Falconx, commented “.We are pleased to partner with Standard Chartered, one of the most advanced global banks in digital asset adoption. “Falconx supports the transaction and financing of some of the world’s largest institutions in the digital asset market, and this relationship strengthens our ability to provide robust banking and forex solutions to clients who rely on us to operate in the crypto market,” he added.

Explore: 10 coins with high returns: Crypto Forecast 2025

Partnerships established by Standard Chartered

The bank launched a spot trading desk for Bitcoin (BTC) and Ethereum (ETH) in June last year.

In August 2024, Crypto.com revealed its partnership with Standard Chartered, which has been designated by the bank to provide tailored banking and payment solutions to Crypto.com.

Support with Standard Charter Zodia Custody has announced a strategic partnership with renowned crypto lending platform Maple Finance. The UK multinational bank’s crypto-subsidiaries are in the process of acquiring some of the digital asset business supported by billionaire hedge fund manager Alan Howard.

Most recently, Standard Chartered announced the launch of a new entity in Luxembourg on January 9, 2025 to provide Crypto Custody Services.

Exploration: Bitcoin vs. Tesla: Standard Charter Picks BTC as TSLA crashes

Targeting institutional clients: Circle, Bitgo, Coinbase, Pax obtains US banking licenses

After US President Donald Trump eased cryptography regulations and restrictions, major crypto companies such as Circle, Bitgo, Coinbase and Paxos have filed applications for US banking licenses.

According to a report from the Wall Street Journal, these crypto companies are ready to leverage current US government custody capabilities.

Companies are currently pursuing a variety of banking licenses. It mainly depends on a specific business model. Some people are looking for National Trust or Industrial Bank Charters. Others are primarily focusing on more specialized licensing that allows for Stablecoin issuance and storage services.

“This represents a natural evolution for the crypto industry,” explains cryptocurrency analyst Sarah Johnson. “As these platforms mature and seek to serve a wider customer base, banking licenses provide the regulatory framework and customer protection needed to regulate scale within the existing financial ecosystem.”

Explore: 10 Best AI Crypto Coins to Invest in 2025

Key takeout

  • The partnership is expected to extend beyond banks to additional products and services tailored to the evolving needs of Falconx and Standard Chartered institutional clients.


  • In the first phase of the partnership, Standard Chartered will provide Globally with a comprehensive suite of banking services to Falconx.



    • Post-Falconx and standard charter partners advancing the digital asset ecosystem of Institutional clients first appeared in 99 Bitcoin.

    ]]>     https://earlybirdsinvest.com/falconx-and-standard-chartered-partners-promote-digital-asset-ecosystem-for-institutional-clients/feed/ 0 36289     FalconX Said to Have Suffered Wave of Senior Staff Departures, Including General Counsel, European Head https://earlybirdsinvest.com/falconx-said-to-have-suffered-wave-of-senior-staff-departures-including-general-counsel-european-head/ https://earlybirdsinvest.com/falconx-said-to-have-suffered-wave-of-senior-staff-departures-including-general-counsel-european-head/#respond Wed, 26 Mar 2025 00:26:14 +0000 https://earlybirdsinvest.com/falconx-said-to-have-suffered-wave-of-senior-staff-departures-including-general-counsel-european-head/

    Crypto prime broker FalconX has seen the departure of several senior staff recently, according to three people with knowledge of the matter.

    Among those resigning was Tommy Doyle, FalconX’s European head, according to the sources.

    The global chief compliance officer, general counsel, and head of credit at FalconX have also resigned, the sources said, who spoke on condition of anonymity as the matter is private. Two traders also exited the business, the people added.

    Two of the people said the total number of departures was a combination of resignations and firings, and numbered between 10 and 15 people.

    “Our headcount approximately doubled last year and we continue to grow. We do not comment on personnel matters,” a FalconX spokesperson said in an emailed comments.

    Doyle declined to comment.

    Prime brokers are essential to financial markets. They provide trading, financing and custody services to large institutions.

    Before this wave of exits, Brian Strugats, head of trading at FalconX, had recently left the business, as reported by CoinDesk. He had worked for the firm for more than three years and was based in New York.

    FalconX describes itself as the largest, most reliable digital assets prime brokerage for the world’s leading institutions. The company employed 243 people as of February 2023 according to PitchBook data.

    The crypto firm was founded in 2018 and was valued at $8 billion at the time of a mid-2022 funding round.

    Read more: Binance, FalconX and the Curious Case of 1.35M Missing Solana Tokens

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