Institutional-grade infrastructure is finally headed for the public markets too. If FalconX can pull this off, it would mean the integration between TradFi and crypto has gone another layer deeper.

According to reports, institutional crypto broker FalconX has secretly submitted a draft S-1 registration statement to the U.S. SEC and has hired firms such as Cantor to provide consulting on a potential IPO. Due to market conditions, the earliest possible listing could take place later this year. FalconX was founded in 2018 and provides services including digital asset prime brokerage, trade execution, liquidity access, credit, and clearing to institutional clients such as hedge funds, asset management firms, and market makers.