FalconX Executes First-Ever CME Group SOL Futures Trade with StoneX
NEW YORK, March 16, 2025 /PRNewswire/ -- FalconX, a leading digital asset prime broker, today announced that it has executed the first-ever block trade of CME Group's newly launched Solana (SOL) futures product with StoneX, a leading global financial services firm. This milestone demonstrates FalconX's continued leadership in institutional cryptocurrency derivatives trading while highlighting the accelerating institutional adoption of digital assets like SOL.
"FalconX is proud to execute the first block trade in CME SOL futures with StoneX. This highly anticipated launch marks a historic moment for the Solana ecosystem, allowing institutional investors to manage risk and price exposure on a regulated venue," said Josh Barkhordar, Head of US Sales at FalconX. "This inaugural trade reinforces our commitment to offering a world-class derivatives franchise with exceptional speed-to-market capabilities that institutional clients require."
CME Group's launch of SOL futures responds directly to increasing institutional demand for regulated access to digital assets beyond bitcoin and ether. As Solana continues to attract growing developer and institutional interest, CME Group's SOL and Micro SOL futures provide investors with capital-efficient ways to manage exposure, execute sophisticated hedging strategies, and expand their crypto portfolios within a trusted and compliant trading venue.
"StoneX and StoneX Digital are proud to support CME's innovative initiatives to enhance institutional access to cryptocurrencies through a regulated and compliant suite of listed derivatives," said Eric Rose, Head of Digital Asset Execution at StoneX Digital. "Our ability to offer execution and clearing services for CME futures seamlessly complements our spot trading capabilities, further strengthening StoneX's responsiveness to client demands and reinforcing the firm's commitment to providing institutional access to the digital asset ecosystem through a trusted and reliable counterparty."
FalconX continues to serve as a key liquidity provider for CME Group's comprehensive suite of cryptocurrency derivatives. This pioneering SOL futures trade showcases FalconX's unique ability to connect institutional investors with cutting-edge cryptocurrency products in a secure, compliant environment, further cementing the firm's status as the trusted institutional gateway to digital asset markets.
For more information, visit www.falconx.io
About FalconX
FalconX is a leading digital assets prime brokerage for the world's top institutions. We provide comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives.
FalconX is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.
"FalconX" is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and FalconX entity capabilities. For more information about which legal entities offer particular products and services, please see the disclosure on our public website, incorporated herein, or reach out to your relationship contact.
About StoneX
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,400 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 70 offices spread across six continents. Further information on the Company is available at www.stonex.com. StoneX Digital LLC ("SXD") is a subsidiary of StoneX Group Inc. and is dedicated to providing institutional clients with access to multiple products and services for digital assets. SXD is not a registered broker-dealer or futures commission merchant subject to federal securities or commodity regulations and does not solicit securities or futures. SXD seeks to provide institutional clients the flexibility and tools to interact with markets on their terms and enable them to trade cryptocurrencies.
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SOURCE FalconX