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FalconX, the institutional-level digital asset platform and crypto brokerage, has raised $150 million in new funding as part of its Series D financing round. The firm has now raised more than $430 million in total.
Completed in early June, the funding round values FalconX at $8 billion, more than doubling from its previous Series C round valuation of $3.75 billion in August 2021.
FalconX plans to use the funding to expand its product offerings, expand into new markets, hire more staff, and invest in its technology infrastructure.