Digital asset prime broker, FalconX, said Monday that it has executed the first-ever block trade of CME Group’s newly launched Solana (SOL) futures, in collaboration with financial services firm StoneX.
FalconX and StoneX Execute First-Ever CME Group Solana Futures Trade
The company said in its release that it believes the milestone highlights growing institutional adoption of digital assets and marks a significant step in expanding regulated crypto derivatives markets.
“This highly anticipated launch marks a historic moment for the Solana ecosystem, allowing institutional investors to manage risk and price exposure on a regulated venue,” said Josh Barkhordar, Head of US Sales at FalconX.
He added that the trade underscores FalconX’s commitment to institutional crypto derivatives trading.
The company believes that CME Group’s launch of SOL and Micro SOL futures cater to increasing institutional demand for exposure to Solana beyond bitcoin and ether.
The products provide capital-efficient ways for investors to manage risk, execute hedging strategies, and diversify their crypto portfolios within a regulated environment.
“StoneX and StoneX Digital are proud to support CME’s innovative initiatives to enhance institutional access to cryptocurrencies through a regulated and compliant suite of listed derivatives,” commented Eric Rose, Head of Digital Asset Execution at StoneX Digital.
