FalconX Provides ETF Liquidity Services to Australian Market, Expanding Global Capabilities

FalconX has partnered with Monochrome Asset Management to serve as a liquidity provider for Australia’s first spot Bitcoin ETF, listed on Cboe Australia under the ticker ‘IBTC’. The move expands FalconX’s footprint in the APAC region and builds on its role as a leading global liquidity provider for digital asset ETFs. With strong institutional and retail demand in Australia, FalconX aims to support the growth of a robust digital asset ETF market through its full suite of brokerage services.

FalconX, the leading institutional digital asset prime broker, announced today it has partnered with Monochrome Asset Management to become a liquidity provider for the issuer's first spot BTC ETF in Australia. The Monochrome Bitcoin ETF was officially quoted on Cboe Australia on Tuesday, 4 June 2024 under the ticker 'IBTC'.

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FalconX is a leading liquidity provider to digital asset ETF issuers globally, successfully executing over 30% of total BTC creation purchases on behalf of ETF sponsors in the US during the inaugural day of trading in January 2024. FalconX also utilised its leading OTC trading capability to provide liquidity for Virtual Asset Trading platforms in Hong Kong following regulatory approval in April this year.

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FalconX is expanding in the APAC region to meet growing demand for digital asset-based ETFs. "We're delighted to be assisting the Monochrome team and given the significant retail and institutional adoption of ETFs in Australia, we believe that there is potential for a thriving digital asset spot ETF market," said Nello Cafcules, Head of ETF Business Development at FalconX. "As the regulatory landscape evolves, we look forward to providing our full suite of institutional services to help develop the digital asset ETF ecosystem in Australia."

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"We are thrilled to announce the launch of Australia's first spot Bitcoin ETF that holds Bitcoin directly, an exciting milestone for Monochrome as we continue our goal of providing investors with secure, transparent, and efficient access to Bitcoin through traditional vehicles," said Jeff Yew, CEO of Monochrome. "We are delighted to partner with FalconX to access the firm's crypto native and institutional liquidity which is critical to the trading and pricing stability of IBTC."

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FalconX launched its APAC business in Singapore in 2022 and expanded into Hong Kong in February 2024. "Providing our brokerage services to Australian institutional investors is part of our strategy to provide quality digital asset liquidity to APAC institutional and professional investors," said Matt Long, APAC General Manager at FalconX. "As the Australian regulatory landscape evolves, demand for exposure to digital assets by institutions including superannuation funds is bound to grow."

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About FalconX

FalconX is a leading digital assets prime brokerage for the world's top institutions and the first CFTC registered cryptocurrency swap dealer. We provide the most comprehensive access to global digital asset liquidity. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock.

The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.

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About Monochrome

Monochrome Asset Management is a leading asset management firm specialising in digital assets. The firm is committed to providing innovative investment solutions that meet the highest standards of security and regulatory compliance. For more information about the Monochrome Bitcoin ETF (IBTC), visit ibtc.au

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Disclaimer

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.
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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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