FalconX and Blockchain.com edge toward IPOs despite crypto market caution
Two major crypto firms are moving closer to public listings, despite a slowdown in market enthusiasm. Blockchain.com has confidentially filed for a U.S. IPO, while FalconX prepares for a potential late 2026 debut. Both companies are watching market conditions before making final decisions. FalconX, a digital asset prime broker, has submitted a confidential draft S-1 registration with the SEC. The firm, founded in 2018, serves institutional clients like hedge funds and asset managers with trade execution, credit, and clearing services. Its last valuation in 2022 reached $8 billion after raising $150 million in a Series D funding round.
The company has hired Wall Street banks, including Cantor, to advise on the IPO process. However, no listing is expected before late 2026, as investor sentiment remains cautious. Weak performances from recent crypto IPOs have led many firms to delay their plans. Meanwhile, Blockchain.com has also filed confidentially for a U.S. IPO. The move follows a broader trend of crypto companies reassessing their public market strategies amid shifting conditions. In a separate development, Securitize has agreed to merge with Cantor Equity Partners II. If completed, the deal would make it one of the few publicly traded firms specialising in tokenised real-world assets.
FalconX’s IPO timeline remains flexible, with no firm date set before late 2026. The company continues to monitor market conditions before proceeding. Blockchain.com’s confidential filing signals ongoing interest in public listings, despite recent challenges in the sector.
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