NEW
YORK, June 18, 2024 /PRNewswire/ -- FalconX, the
leading institutional digital asset prime broker, is excited to
announce that it will be the first provider to offer custody
support for $AVAIL. This collaboration comes ahead of Avail's
highly anticipated Avail DA mainnet launch.
Through its custody solution, FalconX will provide
institutional-grade custodial wallets to support Avail from day
one. This allows institutional investors to engage with the Avail
ecosystem immediately at launch.
"We are looking forward to partnering with FalconX, given their
technical expertise and rapid support for the Avail token," said
Anurag Arjun, Co-founder of Avail.
"Their comprehensive prime services, including treasury management
and custody solutions, combined with their dedication to our
success, make FalconX a great partner for Avail."
Avail's modular blockchain architecture, consisting of Avail DA,
the Data Availability (DA) layer, Avail Nexus, the interoperability
layer, and Avail Fusion, the security network layer, aims to unify
Web3 and optimize data availability (DA) for scalable and
customizable applications.
"Our partnership with Avail aligns with our commitment to
supporting protocols with our comprehensive prime services", said
Ben Dapkiewicz, General Manager,
Custody at FalconX. "By being the first to offer custody support
for Avail, we leverage our full-service offering of market making,
custody and treasury management to scale token projects and ensure
a seamless, secure experience for our clients."
As the blockchain ecosystem continues to evolve, FalconX and
Avail are at the forefront of developing solutions that address the
pressing challenges of the industry. Avail is spearheading the
unification of the web3 ecosystem through its Unification Layer,
addressing critical challenges such as user fragmentation and
scalability. FalconX leads the industry with one of the most
comprehensive prime services offering in the digital assets space.
Earlier this year, FalconX launched its custody services along with
Prime Connect, an off-exchange solution designed to provide clients
with secure, efficient, and flexible solutions for managing their
digital assets.
About FalconX
FalconX is the largest digital assets prime brokerage for the
world's leading institutions and the first CFTC registered
cryptocurrency swap dealer. We provide the most
comprehensive access to global digital asset liquidity. Our 24/7
dedicated team for account, operational and trading needs enables
investors to navigate markets around the clock.
FalconX Custody is an institutional-grade, regulated custody
solution for digital assets that seamlessly integrates with the
broader FalconX platform to enhance the trade lifecycle.
The company 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.
About Avail
Avail is led by Polygon's former co-founder Anurag Arjun and is building a unification layer
to solve rollup fragmentation at scale. Avail addresses this from
first principles solving blockchain scalability with Avail DA, a
foundational DA layer that implements the same technology planned
for Ethereum's danksharding roadmap, including KZG
Commitments and Data Availability Sampling (DAS). Avail Nexus
addresses growing fragmentation concerns with permissionless
interoperability, leveraging proof aggregation on Avail's scalable
DA layer. Avail's security is then reinforced with multi-asset
staking through Avail Fusion. Start your unification journey today
at availproject.org.
Contact: media@falconx.io
View original content to download
multimedia:https://www.prnewswire.com/news-releases/falconx-to-be-the-first-custodian-supporting-avail-token-ahead-of-the-avail-da-mainnet-launch-302175729.html
SOURCE FalconX