Cantor Fitzgerald reportedly proposes potential IPO for FalconX

Investment bank Cantor Fitzgerald is among the firms that have submitted proposals for a potential initial public offering (IPO) by crypto prime brokerage FalconX, CoinDesk reported, citing sources. FalconX had previously announced its intention to pursue an IPO last year. While no bank has been officially selected, the company has reportedly held preliminary discussions with potential advisors. Last year, Cantor Fitzgerald partnered with FalconX and Maple Finance to launch a $2 billion Bitcoin-backed lending program. The report suggests that if Cantor is chosen to lead the IPO, it would likely be due to this existing partnership.