ChainCatcher news, according to Bloomberg, digital asset broker FalconX has acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management, aiming to expand its asset management services.The terms of the deal were not disclosed. Austin Reed, FalconX's Head of Global Revenue and Business, based in San Mateo, California, stated that this investment provides the company with the opportunity to expand its institutional client base from hedge funds, proprietary trading firms, and asset management institutions to a broader range.