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FalconX, a digital asset prime broker, has acquired a majority stake in the parent company of Monarq Asset Management, a multi-strategy crypto hedge fund founded by the LedgerPrime team. This move aims to expand FalconX's asset management business and broaden its institutional client base. Separately, defense technology billionaire Palmer Luckey has invested in Atticus, a stealth stablecoin startup, which is currently valued at $2 billion.
[BLOOMBERG] Crypto Prime Broker FalconX Takes Majority Stake in Hedge Fund Monarq
According to Bloomberg, crypto prime broker FalconX has acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management to expand its asset management business. The investment broadens FalconX’s institutional client base to include
NOW: @FalconXGlobal Makes a Major Move Into Asset Management 🚨 The prime broker has taken a majority stake in Monarq, the crypto hedge fund launched by the LedgerPrime team https://t.co/LMmIJKLcd5
