CoinDesk
Crypto prime broker FalconX has confidentially filed a draft S-1 registration statement with the SEC and hired Wall Street's Cantor alongside other bankers to advise on a potential IPO, according to a person familiar with the matter. The listing is not expected until late 2026, given current market conditions.
FalconX, last valued at $8 billion in a June 2022 Series D round, serves institutional clients including hedge funds, asset managers, and market makers — offering trade execution, liquidity access, credit, and clearing across digital assets. The confidential filing is the first formal step toward a public listing, giving the company flexibility to gauge investor appetite before committing to a timeline.
The move comes as the broader crypto IPO pipeline faces headwinds.
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