Cryptocurrency prime broker FalconX is in preliminary talks regarding an IPO, aiming to initiate the listing process as early as 2025 to meet the growing demand for digital assets from institutional clients. FalconX has not formally hired an investment bank but has engaged in informal discussions with consultants and is considering an IPO to enhance the company's visibility and raise new capital. The company completed a $150 million financing round in 2022, with a valuation of $8 billion.