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FalconX Executes First-Ever Staking Yield Swap with Figment, Unlocking New Opportunities By Pioneering a Brand New Crypto Derivatives Market

The fast-growing digital asset platform provides more access to the crypto derivatives market and increases financial institutions’ exposure to secure and regulated transactions.

San Francisco, May 9, 2022 / PRNewswire /-FalconX, a digital asset and cryptocurrency platform for institutional investors, today launched the industry’s first staking yield swap with Figment, exposing institutional investors to new forms of yields and investment strategies. Announced that it will provide secure access. ..

The first of its kind, the staking yield swap, is similar to an interest rate swap. You can exchange fixed rate payments for floating rate payments. In traditional interest rate swaps, floating rates usually refer to benchmarks such as SOFR, LIBOR, and federal effective interest rates, while variable interest rates in staking yield swaps refer to the staking yield of proof of stake tokens. Yields received are tracked within the blockchain wallet, have constant records, and can be viewed by anyone with a public blockchain key.

This announcement has grown rapidly to institutional investors, following its recent registration as the first and only swap dealer registered with the CTFC and as a primary-level member focused on the cryptography of the International Swaps and Derivatives Association (ISDA). Provides access to the OTC crypto-derivatives market. To conduct safe and regulated transactions.

“This is a breakthrough opportunity for institutional investors to better manage the risk exposure and transparency of crypto swap transactions,” said FalconX CEO and co-founder. Laguya Ragadda.. “Institutional investors are happy with investment papers that focus on derivatives to maximize the alpha of returns, but until now there has been no institutional market for crypto derivatives in the United States. “

Through this offering, conducted through FalconX’s subsidiary Solidos Inc., FalconX will create a new category of crypto swaps for the underserved derivatives market, staking tokens without exposure to the volatility of the tokens themselves. By earning yields and offering secure and regulated transactions through tracked blockchain wallets.

The CEO and co-founder of Figment said: Lorien Gavel.. “FalconX can combine this transaction into a single contract using the reported responsive regulatory framework, instead of taking multiple steps to execute.”

FalconX is the first in the industry to bring easy, seamless and well-managed trading opportunities to the derivatives market. FalconX builds everything you need, so financial institutions don’t need to have separate contacts. Today, the company is enabling financial institutions to bring crypto to the next billion users expected by trust and security institutional partners.

To learn more about FalconX or get started today, visit the following website:

About Falcon X
FalconX is a fully comprehensive digital asset platform that allows institutions to access and manage all crypto strategies through a single interface and seamless workflow, making transactions, credits and payments all in one easy place. I can do it. Cryptography as a service of FalconX is a cryptocurrency for product offerings aimed at allowing the next billion users to enter the crypto space for major banks, FinTech institutions, and investment applications. Makes it easy to add encryption. The company is backed by investors such as Accel, Altimeter Capital Management, American Express Ventures, Coinbase Ventures, Lightspeed Venture Partners and Tiger Global Management. FalconX has offices in Silicon Valley, New York, Chicago, Bangalore and Malta. For more information, please visit:falconx.ioOr follow themtwitterWhenLinkedIn..

Media contacts:
Casey Christros
Next PR
[email protected]

Source FalconX


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