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§ Private Profile · San Mateo, CA, USA
Digital asset brokerage platform providing trading, credit, lending, and structured products for institutional clients, simplifying crypto trading.
FalconX is an institutional digital asset brokerage platform that provides trading, credit, lending, and structured products for participants in the global cryptocurrency markets. The company provides a technology stack to facilitate execution and enable crypto trading for diverse financial entities, including hedge funds, asset managers, retail aggregators, traditional banks, and crypto-native firms. Operating with a workforce of 51 to 200 employees, the firm has secured $150 million in total funding and achieved a valuation exceeding $8 billion within three years of its initial launch. The brokerage focuses on best execution strategies and has handled over $2 trillion in notional trading volume across its client base, while its leadership, including Head of Markets Mahalakshmi Sukumar, has garnered recognition from major traditional finance players such as Goldman Sachs. FalconX was founded in 2018 by Raghu Yarlagadda and Prabhakar Reddy.
FalconX has raised $541.0M across 7 funding rounds.
Key people at FalconX.
FalconX was founded in 2018 by Raghu Yarlagadda (Co-Founder and CEO).
FalconX has raised $541.0M in total across 7 funding rounds.
FalconX is a leading institutional crypto prime brokerage that provides deep liquidity, financing, capital solutions, and advanced technology platforms to top financial institutions, including asset managers, hedge funds, family offices, venture funds, miners, protocols, and banks.[2][3] It operates at the intersection of traditional finance and digital assets, solving challenges like fragmented markets, limited liquidity, and complex trading strategies through tools such as FalconX 360—a comprehensive platform for trading, risk management, portfolio visibility, staking, lending, and analytics across 94% of global crypto liquidity.[1][2][4] With over $2T in trading volume since inception, 350+ employees, #1 ranking in institutional options block volume, and services spanning spot, derivatives, FX, ETFs, and tokenized real-world assets (RWAs), FalconX enables institutions to scale crypto strategies efficiently while managing risk in volatile markets.[3][5][6]
FalconX emerged as a pioneer in institutional crypto infrastructure, founded around 2018 to address the lack of reliable products bridging traditional finance and digital assets.[1][3] While specific founders are not detailed in available sources, the company was built by a team of operators, investors, engineers, traders, and technologists who have navigated multiple market cycles over 7+ years, evolving from a focused trading platform to a full prime brokerage with CFTC-registered swap dealer status via affiliate FalconX Bravo.[2][3][6] Early traction came from securing backing by top VCs like Accel, Lightspeed, Tiger Global, and Wellington Management, expanding to 7 global offices and launching innovations like FalconX 360 in 2022 for cross-margining and unified crypto management.[3][4][6] Pivotal moments include becoming #1 in institutional options volume and partnering on tokenized assets with BlackRock.[3][6]
FalconX rides the tokenization wave and institutional adoption of digital assets, providing the "backbone" infrastructure for blending TradFi stability with blockchain's efficiency in areas like RWAs, ETFs, and smart contract programmability.[3][5][6] Its timing aligns with post-2022 regulatory clarity (e.g., CFTC registration) and market maturation, where fragmented crypto liquidity hinders institutions—FalconX counters this as connective tissue, enabling 24/7 access, risk-managed scaling, and innovations like ETF liquidity provision amid Bitcoin/ETH ETF launches.[2][4][5] By powering banks, FinTechs, and funds, it influences the ecosystem through market-making, reducing fraud/settlement times via tokenization, and fostering hybrid markets that attract trillions in traditional capital.[1][6]
FalconX is positioned to dominate as the go-to prime broker amid surging institutional crypto inflows, tokenized RWAs, and ETF proliferation, with expansions into more derivatives, global compliance, and AI-driven analytics.[2][3][6] Trends like real-world asset tokenization (e.g., treasuries as collateral) and regulatory tailwinds will amplify its capital efficiency edge, potentially pushing trading volumes beyond $2T toward multi-trillion scale as crypto integrates deeper into global finance.[6] Its influence may evolve from liquidity provider to full-stack market architect, empowering institutions to thrive in cycles ahead—solidifying its role as the pioneering force revolutionizing crypto access.[1][3]
Key people at FalconX.
FalconX was founded in 2018 by Raghu Yarlagadda (Co-Founder and CEO).
FalconX has raised $541.0M in total across 7 funding rounds.
FalconX's investors include B Capital Group, GIC, Airtree Ventures, Amasia, Cedar Capital Group, Five Sigma, Insight Partners, Journey Ventures, Madrona Ventures, Salesforce Ventures, Softbank Group, SoftBank Investment Advisers.
FalconX has raised $541.0M across 7 funding rounds. Most recently, it raised $150.0M Series D in June 2022.
