“We are evaluating ways to make the Legal & General Investment Management Liquidity funds available in tokenized format,” said Ed Wicks, global head of trading at Legal & General Investment Management (LGIM), when asked about the firm’s plans via email.

“Our FX desk is a distinct offering in the crypto brokerage space, and we’re grateful for Lux and Rich’s efforts in supporting our expansion,” a FalconX spokesperson said in emailed comments. “As advisers, they will continue to support our mission to make crypto capital markets more robust and ready for institutional adoption. In this next stage, we are focused on scaling the electronic FX trading platform and excited to have Hilal Mehydene join our growing FX team.”