FalconX: First to Offer Custody and Staking Support for Bittensor (TAO)

FalconX is pleased to be the first custodian to offer custody and staking support for Bittensor (TAO), providing institutional investors and ecosystem participants with secure, institutional-grade solutions for asset storage and earning staking rewards. This rapid integration - completed in just two weeks - demonstrates FalconX’s speed and technical expertise in bringing new protocols onto its custody platform.

TAO represents growing investor interest at the intersection of artificial intelligence and digital assets. Bittensor’s four-fold increase in market capitalization since November 2023 underscores the potential of decentralizing AI development to create a safer and more stable future for the technology. 

“As a TAO validator, having a secure, institutional-grade custody solution is critical for safeguarding our assets,” said Luke Besser, Co-Founder of Cosimo Capital. “With FalconX, we can now safely store and trade our TAO tokens and earn staking rewards directly from custody, ensuring both security and operational efficiency.”

"With the integration of TAO, FalconX drives adoption by enabling institutional investors to engage with the TAO ecosystem in a secure and seamless way," said Ben Dapkiewicz, General Manager, Custody at FalconX. “Coupled with our full suite of prime services across trading, credit, and holistic treasury management solutions, we support the growth of innovative protocols in every step of their journey.”

FalconX Custody is an institutional-grade, regulated custody solution with seamless integration across its suite of prime services across trading, financing, and risk management, delivering optimal capital and operational efficiency.

*Staking and Custody may not be available for all tokens and may be subject to other jurisdiction restrictions. Staking involves risks including but not limited to: lock-up periods, potential slashing penalties, security vulnerabilities, and impacts from network changes

Disclaimer

This material is for informational purposes only and is only intended for sophisticated or institutional investors. This material 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 material 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. This material does not constitute investment advice. To the extent permitted by law, FalconX does not accept any liability arising from the use of this communication. This material may contain information regarding structured products which involve over the counter derivatives. 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 invest in a structured product unless you are an ECP as relevant and fully understand and are willing to assume the risks associated with the product. Solios, Inc. is registered as a federal money services business with FinCEN. FalconX Bravo, Inc. is provisionally registered with the U.S. Commodities Futures Trading Commission (CFTC) as a swap dealer. FalconX Limited is a registered Class 3 VFA service provider under the Virtual Financial Assets Act of 2018 with the Malta Financial Services Authority. FalconX Limited, FalconX Bravo, Inc., nor Solios, Inc. are not registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority. FalconX Foxtrot Pte Ltd and FalconX Golf Pte. Ltd. are not regulated by the Monetary Authority of Singapore.

Insights, directly from FalconX

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