Digital asset platform FalconX announced that it will expand its business to Singapore. FalconX has launched an over-the-counter derivatives business in Singapore to provide services to institutional clients in the Asia-Pacific region. FalconX has recruited Ave King as Chief Compliance Officer for the Asia Pacific region to manage compliance for international entities, including obtaining relevant regulatory clearances where appropriate. Foresight News previously reported that FalconX Yu announced in June 2022 that it had completed a $150 million Series D financing led by GIC and B Capital at a valuation of $8 billion.