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BlockBeats News: On June 2nd, 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, with the aim of expanding its asset management services. The transaction terms were not disclosed. Austin Reid, Global Revenue and Business Head of FalconX, a private company headquartered in San Mateo, California, stated that this investment provides the company with an opportunity to expand its institutional client base beyond hedge funds, proprietary trading firms, and asset management institutions to a wider range of fields.