Brief
Institutional crypto prime brokerage offering execution, credit, and clearing services. Pitching investment banks for a 2026 IPO. May 5, 2026: launched the first tokenized structured credit facility for digital assets, partnering with Sygnum Bank to give Sygnum's 2,000+ wealth and institutional clients access to tokenized credit. The vault runs on Pareto's onchain credit infrastructure with M11 Credit as administrative agent. Not available to U.S. investors.
Recent activity
Latest moves on the changelog feed.
- Jun 30, 2026WIRED
FalconX → Plume. FALX vault live on Plume Nest. Onchain access to overcollateralized loans from FalconX's prime brokerage book.
- Jun 24, 2026WIRED
FalconX → Morpho. Credit vault token now the second largest RWA collateral on Morpho at ~$76M, per FalconX.
- May 5, 2026WIRED
FalconX → Sygnum Bank. First tokenized structured credit facility for digital assets. FalconX Credit Vault built on Pareto, M11 Credit as administrative agent, Sygnum as lender of record for its 2,000+ wealth and institutional clients. Not US-available.
- Apr 5, 2026WIRED
FalconX → BUIDL. Margin collateral for institutional trading.
Snapshot
Key terms and identifiers.
- Asset classes
- Private credit, Treasuries
Milestones
How this player got here.
- Jun 2026FalconX → Plume. FALX vault live on Plume Nest. Onchain access to overcollateralized loans from FalconX's prime brokerage book.
- Jun 2026FalconX → Morpho. Credit vault token now the second largest RWA collateral on Morpho at ~$76M, per FalconX.
- May 2026First tokenized structured credit facility (with Sygnum, on Pareto, M11 Credit administrative agent)
- Apr 2026FalconX → BUIDL. Margin collateral for institutional trading.
- Jun 2024First prime broker to accept BUIDL as margin
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
