
Cryptocurrency financial services company, FalconX, granted VFA license
FalconX, a cryptocurrency financial services company that provides institutions trading, credit, and clearing backed by Tiger Global and B Capital Group, among others, has been granted a Class...

FalconX, a cryptocurrency financial services company that provides institutions trading, credit, and clearing backed by Tiger Global and B Capital Group, among others, has been granted a Class 3 Virtual Financial Assets Act, 2018 ("VFAA") licence by the Malta Financial Services Authority ("MFSA").
This license enables FalconX to operate a regulated Virtual Financial Assets ("VFA") prime brokerage to institutional investors including: Custodian and Nominee Services; Execution of Client Orders on behalf of other persons; Dealing on Own Account and Placing of VFAs. FalconX was incorporated in October 2018 in Malta, to take advantage of the digital assets framework that was introduced by the MFSA, one of the first regulators in the world to introduce a comprehensive regulatory regime back in 2019. The company has been operating in Malta under the provisions of the VFA Act.
This news aligns with rapid growth for FalconX, including 46x net revenue growth in the past year. The company also recently announced 12x growth in trading volumes in the past year as well as volumes increasing to over $3 billion in Q4 2020.
“Having operated under the transitory provisions of the Virtual Financial Assets Act in Malta, FalconX is excited to be one of the first companies granted a license by the MFSA. FalconX is committed to operating in a fully compliant and regulated manner, and we are excited to continue working with the innovative and forward thinking regulators in Malta,” said FalconX VP of Operations, Bob Rutherford.
About FalconX
FalconX is a cryptocurrency financial services company facilitating trading, credit, and clearing for institutions. The company is backed by Accel, Accomplice VC, B Capital Group, American Express Ventures, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, Tiger Global Management and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments. FalconX has offices in Silicon Valley, Bengaluru, and Malta. For more information visit falconx.io.
This material is for informational purposes only and is only intended for sophisticated or institutional investors. Neither FalconX Limited, FalconX Bravo, Inc., FalconX Delta, Inc., FalconX Foxtrot Pte Ltd., FalconX Golf Pte Ltd., Solios, Inc., Falcon Labs, Ltd., KestrelX, Ltd., nor Banzai Pipeline Limited (separately and collectively “FalconX”) service retail counterparties, and the information on this website is NOT intended for retail investors. The material published on this website is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of FalconX or any of its affiliates. Any information contained in this website is not and should not be regarded as investment research, debt research, or derivatives research for the purposes of the rules of the CFTC or any other relevant regulatory body.
Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory, and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction. Pursuant to the Dodd-Frank Act, over-the-counter derivatives are only permitted to be traded by "eligible contract participants" (“ECP”s) as defined under Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). Do not consider derivatives or structured products unless you are an ECP and fully understand and are willing to assume the risks.
Solios, Inc. and FalconX Delta, Inc. are registered as federal money services businesses with FinCEN. FalconX Bravo, Inc. is registered with the U.S. Commodities Futures Trading Commission (CFTC) as a swap dealer and a member of the National Futures Association. FalconX Limited, FalconX Bravo, Inc., FalconX Delta, Inc., Falcon Labs Ltd., and Solios, Inc. are not registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority. FalconX Golf Pte. Ltd. is not required to be registered or licensed by the Monetary Authority of Singapore (MAS). MAS has granted FalconX Foxtrot Pte. Ltd. a temporary exemption from holding a license under the PSA for the payment services caught under the expanded scope of regulated activities for a specified period. FalconX Limited is a registered Class 3 VFA service provider with the Malta Financial Services Authority under the Virtual Financial Assets Act of 2018. FalconX Limited is licensed to provide the following services to Experienced Investors, Execution of orders on behalf of other persons, Custodian or Nominee Services, and Dealing on own account. FalconX’s complaint policy can be accessed by sending a request to complaints@falconx.io
"FalconX" is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and capabilities of each FalconX entity. For information about which legal entities offer trading products and services, or if you are considering entering into a derivatives transaction, please reach out to your Sales or Trading representative.
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