NEW YORK, March 19, 2026 – Talos, the premier provider of institutional digital asset infrastructure, technology and data supporting the full trading lifecycle, today announced the integration of FalconX’s electronic OTC options liquidity into the Talos RFQ (request-for-quote) platform. The integration enables institutional clients to request quotes for crypto options from FalconX, a leading digital asset prime brokerage, and access FalconX principal liquidity through Talos.
“Electronic access to OTC derivatives is an important step in the evolution of institutional digital asset markets,” said Josh Lim, Global Co-Head of Markets at FalconX. “Our integration with Talos allows institutional traders to access FalconX options liquidity through the Talos RFQ workflow, expanding how institutions connect to derivatives liquidity in crypto markets.”
The integration represents the latest expansion of the relationship between Talos and FalconX, which previously included connectivity to FalconX as both a digital assets prime services provider and as an FX liquidity provider. FalconX’s Electronic Options offering initially supports instruments referencing assets including BTC, ETH, SOL and HYPE.
“We are pleased to expand our collaboration with FalconX by bringing their OTC derivatives liquidity into the Talos RFQ platform,” said Daniel Packham, VP and Head of Provider Network at Talos. “FalconX has established itself as a key liquidity provider in institutional crypto markets. Integrating their derivatives offering into Talos RFQ workflows expands the tools available to our clients as digital asset trading strategies continue to evolve.”
Institutional demand for digital asset derivatives has increased as traders incorporate options and other structured instruments alongside spot exposure. These instruments are increasingly used by institutions to implement hedging and risk-transfer strategies and express market views as digital asset markets mature – subject to market conditions, liquidity, and risk limits. Yet access to OTC crypto options has often relied on bilateral negotiation or limited trading hours.
Through the Talos RFQ integration, institutional traders can access FalconX’s electronic OTC options liquidity within an established trading workflow, supporting the ability to trade 24/7 and execute block-sized transactions. FalconX’s institutional margin framework is based on bilateral margining with well-defined collateral requirements and risk controls, rather than exchange-style automated liquidation.
RFQ workflows offer institutions a standardized way to request pricing from liquidity providers for larger transactions while helping reduce the risk of information leakage compared to traditional order books. Widely used in traditional capital markets, RFQ protocols are now emerging as an important workflow in institutional digital asset trading.
The Talos RFQ platform was introduced to support institutional trading workflows where block size, pricing discretion and complex transactions require a different approach than continuous order book trading. The platform was first used by BlackRock’s crypto ETF traders to manage create and redeem workflows.
*Access to FalconX liquidity via the Talos platform is subject to onboarding with FalconX and compliance with applicable eligibility requirements.
About Talos
Talos provides institutional-grade technology and data that supports the full digital asset investment lifecycle, including liquidity sourcing, price discovery, trading, settlement and portfolio management. Engineered by a team with unmatched experience building institutional trading, portfolio and data systems, the Talos platform connects institutions to key providers in the digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians, and more – through a single interface. For additional information, visit www.talos.com.
Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.
About FalconX
FalconX is a leading digital asset prime brokerage for the world's top institutions. We provide comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives.
FalconX is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.
"FalconX" is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and FalconX entity capabilities. For more information about which legal entities offer particular products and services, please see the disclosure on our public website, incorporated herein, or reach out to your relationship contact.
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