TechFlow, June 2 — According to Bloomberg, digital asset broker FalconX has acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management, aiming to expand its asset management services. Terms of the deal were not disclosed. Austin Reed, FalconX's head of global revenue and operations at the privately held, San Mateo, California-based firm, said the investment provides an opportunity to extend the company's institutional client base beyond hedge funds, proprietary trading firms, and asset managers into broader markets.
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