Falconx, one of the leading Crypto Prime brokers, has acquired a majority stake in the Monarq hedge fund. The acquisition passes through the parent company of MultiStrategy Crypto Hedge Fund Monarq Asset Management.
Falconx has since expanded its service Get Stock in the parent company of MONARQ Asset Management. The MONARQ Fund is a multi-strategic crypto investor that helps Falconx expand into the asset management business.
The acquisition became a new phase in MONARQ, undergoing two rounds of restructuring and rebranding. Monarq Asset Management, formerly known as the MNNC Group, was registered in the Cayman Islands. Previously, the fund was known as Ledger Prime, part of FTX Exchange’s Wealth Management Empire.
Ledger Prime was associated with the activities of Alameda Research, a crypto trading company that was caught up in FTX Exchange. Later, the ledger Prime was rebooted under the new identity of MNNC. Syrian Tan.
Falconx aims to reach out to the wider circle of clients
Previously, Falconx stated that intention Tap record revenue from the growing crypto market to acquire the right companies. Recently, Falconx Partnership Standard charters are provided to serve institutional clients. In January, Falconx also acquired derivative exchange Arbelos Markets.
As Falconx is a private company, the terms of the transaction have not been disclosed. The acquisition aims to expand the user base of Prime Brokers beyond hedge funds, trading funds and asset managers, according to Austin Reed’s Head of Revenue and Business.
Reid also said new Falconx clients may include people looking for donations, pensions, family offices, or asset management solutions within Crypto. He added that the company will be hoping for more acquisitions in the next year or two, in line with the wave of integration in the crypto space.
MONARQ’s asset management was spun into a new fund that is completely independent of the history of FTX and Alameda Research. In early 2024, the fund also raised up to $100 million for renewed investments. Old LedgerPrime wallet It continued to work until two months ago, with trace assets from previous transactions.
As of 2025, Monarq had a team of 16 employees and its crypto strategy was deployed in both centralized markets and DEX. Based on founder estimates, the fund has hundreds of millions of dollars in its managed assets. MONARQ applies quantitative, delta-neutral, and directional trading strategies.
This acquisition is one of the final elements that will restore the legacy of Defunct Exchange FTX. The fund is currently operating in a new market with wider recruitment and higher institutional involvement.
Falconx itself will be carried over $174 million In that known wallet. The broker helped transfer some of the FTX assets into exchange during the bankruptcy lawsuit. The broker also handles assets in the celsius network.
Falconx itself has it Recognised Up to 18% of your assets are locked inside your FTX wallet. Despite a partial recovery, the broker retained sufficient liquidity, in addition to raising $150 million at a $8 billion valuation. Recent trading highlights the decision to forget FTX’s fallout and try to make new investments in the expanded crypto market.