Digital asset broker FalconX has acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management in a move aimed at expanding its asset management services, Internet reported. Terms of the transaction were not disclosed. Austin Reid, global head of revenue and operations for FalconX, a privately held company based in San Mateo, California, said the investment provides the company with the opportunity to expand its institutional client base beyond hedge funds, proprietary trading firms and asset managers into a wider range of areas.