FalconX, a digital asset prime brokerage firm, has completed the first-ever block trade of CME Group’s newly launched Solana (SOL) futures in collaboration with StoneX, a global financial services company.
The trade, announced on March 16, marks a milestone for institutional cryptocurrency derivatives and highlights growing interest in regulated digital asset products beyond Bitcoin and Ethereum.
“FalconX is proud to execute the first block trade in CME SOL futures with StoneX. This highly anticipated launch marks a historic moment for the Solana ecosystem, allowing institutional investors to manage risk and price exposure on a regulated venue,” said Josh Barkhordar, Head of U.S. Sales at FalconX in the announcement.
Institutional Demand for Solana Futures
CME Group introduced SOL futures in response to increasing institutional demand for diversified and regulated digital asset exposure.
Notably, the new futures product, which includes standard SOL and Micro SOL contracts, provides investors with capital-efficient tools for risk management and portfolio expansion within a compliant trading environment.
“StoneX and StoneX Digital are proud to support CME’s innovative initiatives to enhance institutional access to cryptocurrencies through a regulated and compliant suite of listed derivatives,” said Eric Rose, Head of Digital Asset Execution at StoneX Digital.
FalconX’s Role in Crypto Derivatives Markets
FalconX has positioned itself as a key liquidity provider for CME Group’s growing suite of cryptocurrency derivatives, including Bitcoin and Ethereum futures.
For context, the firm’s involvement in the first CME SOL futures trade further cements its role in bridging institutional investors with innovative digital asset products in a secure and regulated manner.
As institutional adoption of Solana grows, market participants now have expanded options for hedging strategies, trading exposure, and portfolio diversification through CME Group’s futures offerings. This development reflects the broader trend of increasing institutional involvement in digital asset markets.
Read Also: FalconX Acquires Derivatives Startup Arbelos Markets to Expand Crypto Trading Offerings
