<p>American digital asset prime brokerage FalconX has unveiled its strategic expansion into Hong Kong, doubling down on its growth within the Asia-Pacific (APAC) region.</p><h2 id="header-0">OTC brokerage services</h2><p>The move, announced by the company through the release of a <a href="https://www.theasset.com/article/50980/crypto-brokerage-falconx-launches-in-hong-kong" rel="noopener noreferrer nofollow">statement</a> on Thursday, represents the firm’s latest stride in pursuing a global expansion strategy. In February 2023 the company <a href="https://www.prnewswire.com/news-releases/digital-assets-platform-falconx-expands-global-presence-to-singapore-301752684.html" rel="noopener noreferrer nofollow">announced</a> that it was establishing its APAC headquarters in Singapore. FalconX intends to provide tailored over-the-counter (OTC) brokerage and OTC virtual asset derivatives services to professional investors in Hong Kong, including proprietary trading firms, family offices and fund managers.</p><p>Leading the charge in this expansion is Belle Leung, who assumes the role of commercial lead in Hong Kong. Leung brings a wealth of experience from her previous position as head of SaaS sales for digital assets at OSL in Hong Kong. Her primary focus will be on raising awareness of FalconX’s offerings within Hong Kong&#39;s rapidly expanding institutional Web3 community.Leung expressed enthusiasm for Hong Kong&#39;s proactive regulatory approach, noting the strong market certainty it has generated. She emphasized FalconX&#39;s support for and alignment with the regulatory landscape.</p><p>This expansion aligns with ongoing efforts by Hong Kong regulators to shape a conducive environment for virtual assets and related products, thereby providing market certainty and fostering innovation. The recent guidelines set by Hong Kong&#39;s regulators aim to align the region’s regulatory framework with international best practices, positioning it as a leading global center for digital asset innovation and investment.</p><h2 id="header-1">Executing an expansion strategy</h2><p>The company is likely to have been planning its Hong Kong expansion for some time. Earlier this month, FalconX <a href="https://www.wealthbriefingasia.com/article.php?id&#61;200323" rel="noopener noreferrer nofollow">confirmed</a> that it would be expanding its APAC operations. In November, the company was <a href="https://x.com/degencryptojobs/status/1721233629089554916?s&#61;20" rel="noopener noreferrer nofollow">actively recruiting</a> to fill Hong Kong-based positions.</p><p>That same month, FalconX <a href="https://www.prnewswire.com/apac/news-releases/bullish-and-falconx-partner-to-deliver-institutional-clients-access-to-deep-liquidity-and-best-execution-crypto-trading-301975409.html" rel="noopener noreferrer nofollow">announced</a> a partnership with Bullish, a digital assets exchange with 110 employees in Hong Kong. As part of that integration, the prime broker gained access to further digital asset liquidity on the Bullish platform.In its home market in the United States, the company has also been furthering its market influence. With spot bitcoin exchange-traded funds (ETFs) having been approved in the U.S. in January, FalconX <a href="https://www.prnewswire.com/news-releases/falconx-executes-over-30-of-all-btc-creation-transactions-for-etf-issuers-on-first-day-of-trading-302033935.html" rel="noopener noreferrer nofollow">executed</a> over 30% of all bitcoin creation transactions for ETF issuers on the first day of trading.</p><p>Matt Long, FalconX&#39;s APAC general manager, underscored the pivotal role of Hong Kong in the virtual asset innovation landscape, noting its historical significance as a hub for such innovation. He emphasized the region&#39;s leadership in the market with a clear focus on Web3 technologies. Long expressed FalconX&#39;s commitment to global growth and confidence in Hong Kong&#39;s progressive stance on virtual asset regulation and its leading position in the Web3 ecosystem.</p><p>FalconX&#39;s expansion into Hong Kong follows its recent strategic moves in the Asia Pacific region, including the appointment of Ivan Lim as Trading Manager, APAC derivatives, based in the firm’s Singapore office. These developments underscore FalconX&#39;s intention to expand its footprint in the region and cater to the evolving needs of institutional investors in the digital asset space.</p>

FalconX further expands APAC reach into Hong Kong

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