Australia-licensed MHC Digital Group has announced a strategic partnership with crypto prime brokerage FalconX to expand its trading platform, MHC Markets, with a full suite of digital asset derivatives, options, and structured products. The collaboration aims to serve Australia’s growing institutional and wholesale investor market for cryptocurrencies.
Expanding Crypto Offerings for Australian Institutions
MHC Digital Group, founded in 2020 by Australian venture capitalist Mark Carnegie (Executive Chairman), operates under an Australian Financial Services (AFS) licence. Its trading platform, MHC Markets, launched in Q4 2024, focuses on delivering crypto liquidity and trading services tailored to institutional needs. Through the new FalconX partnership, MHC will now enhance its platform with comprehensive crypto derivatives offerings.
The partnership targets the sophisticated Australian wholesale market, aiming to bridge traditional investment expertise with the expanding digital asset sector. “Partnering with MHC, with its deep understanding of Australian investors and proven track record in digital assets, is a significant milestone in FalconX’s expansion across APAC,” said Matt Long, General Manager, APAC and Middle East at FalconX. “MHC’s market expertise and innovative approach, combined with our derivatives capabilities, will allow MHC to provide Australian wholesale investors with a wide suite of digital asset products within Australia’s sophisticated capital markets.”
Growing Importance of Crypto Prime Brokerages
FalconX, a top-tier crypto prime broker, has been steadily growing. Valued at $8 billion after raising $150 million in 2022 from notable investors such as Tiger Global, GIC, and B Capital, FalconX has amassed a total of $430 million across multiple funding rounds. In addition to its crypto offerings, it operates a forex desk in London with access to 20 FX pairs, and earlier this year, acquired Arbelos Markets, a crypto derivatives startup.
The trend of acquisitions in the prime brokerage space continues, with Ripple recently acquiring Hidden Road for $1.25 billion, underlining the growing strategic value of prime brokers in the crypto ecosystem.
Institutional Interest Rising in Australia
Australia’s crypto landscape is evolving rapidly. Institutional interest has increased notably, highlighted by AMP Capital’s launch of Bitcoin futures investments in late 2024. Against this backdrop, the MHC-FalconX partnership is timely.
“Our combined expertise creates a powerful offering for Australian wholesale investors who have a proven history of utilising derivatives in traditional asset classes,” said Edward Carroll, Head of MHC Markets.
By combining deep local market knowledge with global derivatives expertise, MHC and FalconX are positioning themselves to meet the rising demand for sophisticated digital asset products in Australia.
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