According to Foresight News, digital asset platform FalconX announced that it will expand its business to Singapore. FalconX launched an over-the-counter derivatives business in Singapore to serve institutional clients in the Asia-Pacific region. FalconX recruited Ave King as Chief Compliance Officer for Asia-Pacific, responsible for managing the compliance of international entities, including obtaining relevant regulatory licenses where appropriate.

Foresight News previously reported that FalconX announced in June 2022 that it had completed a $150 million Series D financing round led by GIC and B Capital at a valuation of $8 billion.