What to know:
- FalconX has confidentially filed a draft S-1 with the SEC and hired Cantor to advise on a potential IPO, according to a source.
- The crypto prime broker, last valued at $8 billion in 2022, serves institutional clients including hedge funds, asset managers and market makers.
- Cooling investor sentiment, weaker trading activity, and lukewarm post-listing performance from recent crypto IPOs have delayed plans across the sector, including at Kraken parent Payward, Consensys and Ledger.
FalconX, a company that trades cryptocurrencies, has secretly submitted paperwork to the Securities and Exchange Commission (SEC) to begin the process of potentially becoming a publicly traded company, a source revealed.
FalconX has brought in Cantor, a prominent Wall Street firm, and other banking experts to help with its planned initial public offering (IPO), according to a source familiar with the matter. This source requested anonymity because the details are confidential.
Due to current market conditions, the initial public offering (IPO) for the California-based company isn’t likely to occur until later this year, according to a source. CoinDesk had previously reported that Cantor was helping FalconX prepare for a possible listing.
Both FalconX and Cantor declined to comment.
FalconX is a financial firm that focuses on serving large clients like hedge funds and asset managers. Established in 2018, they act as a prime broker for digital assets, offering services such as trade processing, access to funds for trading, lending, and settlement. In June 2022, the company secured $150 million in funding, which gave them an $8 billion valuation.
As a crypto investor, I was really optimistic heading into 2026. The successful IPOs we saw in 2025 – like Circle (CRCL) and even CoinDesk’s parent company, Bullish (BLSH) – definitely got investors excited about public crypto companies again, and we were hoping that momentum would continue.
However, recent challenges like falling market values, lower trading activity, and disappointing results from new crypto companies going public – such as BitGo (BTGO) – have dampened the excitement around further crypto IPOs.
Big cryptocurrency firms like Payward (Kraken’s parent company), Consensys (an Ethereum software developer), Ledger (a hardware wallet maker), and Grayscale (an asset manager) have all delayed their plans to become publicly traded companies, waiting for more favorable market conditions.
Despite the current market conditions, some companies are still moving forward with their initial public offerings (IPOs). Last week, Blockchain.com announced it had secretly submitted its IPO application to the Securities and Exchange Commission (SEC) in the United States.
Securitize is joining forces with Cantor Equity Partners II, a company already traded on the Nasdaq stock market. This combination will make Securitize one of the first publicly traded companies specializing in digital tokens representing traditional investments like real estate and other assets.
Read More
- Forza Horizon 6: Find the Ohtani Treasure Chest Location
- LEGO Batman Legacy of the Dark Knight Batcave Minikits & WayneTech Caches
- NTE Drift Guide (& Best Car Mods for Drifting)
- Diablo 4 Best Loot Filter Codes
- USD CNY PREDICTION
- USD RUB PREDICTION
- Cookie Run Kingdom Timeline of Fate Update Guide
- PS Plus Monthly Games for June 2026 Wish List
- GBP CNY PREDICTION
- CNY RUB PREDICTION
2026-05-28 23:06