FalconX, the institutional-focused digital asset prime brokerage that recently filed confidentially with U.S. regulators for an initial public offering, has joined Taurus-NETWORK, the interbank settlement and collateral system run by Swiss infrastructure provider Taurus.
As a network member, FalconX will supply liquidity and financing solutions to other participants on the platform, using Taurus-NETWORK's shared infrastructure to link institutional counterparties across its custody environments. The firm will also participate in expanding product capabilities, including collateral management, lending and borrowing, and derivatives use cases.
About the network
Taurus-NETWORK, which commenced operations in April 2025, connects regulated financial institutions across four continents and ten jurisdictions. The platform functions as a shared infrastructure for the issuance, trading, and settlement of digital assets while aligning with global regulatory standards, according to Taurus.
One of the network's defining features is that participants can transact and pledge collateral directly within their Taurus custody environments without having to route funds through intermediaries. Built-in collateral management and automated settlement tools are designed to simplify processes that can be operationally complex in traditional workflows.
FalconX's role and strategic position
Joshua Lim, Global Co-Head of Markets at FalconX, said the partnership will allow the firm to extend its liquidity and credit capabilities to a wider set of institutional counterparties and to support more efficient capital flows across the digital asset ecosystem.
The collaboration comes as FalconX pursues a public listing. The company filed a draft S-1 registration statement confidentially with the U.S. Securities and Exchange Commission in late May. The firm's most recent disclosed private-market valuation was $8 billion, recorded in mid-2022 when FalconX raised $150 million in a Series D financing round.
Network expansion and positioning
For Taurus, bringing FalconX onto Taurus-NETWORK extends the platform's reach and supports Taurus's positioning as core infrastructure for institutions active in regulated digital asset markets. The addition signals the network's continued effort to assemble counterparties that can provide liquidity, credit, and product innovation within the custody-linked settlement rail.
While the announcement outlines immediate roles for FalconX on the network - liquidity provision, financing, and new use-case development - broader adoption and product implementation will depend on how participants integrate their custody environments and leverage the platform's collateral and settlement tooling.
Reporting by Ajmal Hussain.