FalconX, a prominent prime broker for digital assets, has partnered with StoneX to execute the first-ever block trade of CME Group’s newly launched Solana futures, marking a significant milestone in regulated digital asset investments.
Announced on March 16, this transaction highlights the growing interest in Solana, following the introduction of SOL futures by CME Group on February 28, which enables investors to trade on Solana’s price movements without holding the asset directly. These cash-settled futures come in two sizes: standard contracts and micro contracts.
Block trades, like those executed by StoneX and FalconX, enable institutions to carry out substantial transactions without significantly impacting the market. Josh Barkhordar, FalconX’s Head of U.S. Sales, described the successful execution of the trade as a key milestone in advancing crypto trading for institutional investors. He highlighted the importance of providing institutional clients with efficient and compliant trading solutions in the rapidly evolving digital asset space.
Eric Rose, StoneX’s Head of Digital Asset Execution, reaffirmed the company’s commitment to broadening institutional access to cryptocurrency through regulated trading options. He praised CME’s innovative efforts to enhance institutional involvement in the digital asset market through a compliant and reliable suite of listed derivatives.
The growing popularity of CME’s crypto futures market reflects the surging interest in regulated digital assets. In early 2025, the average daily trading volume reached 202,000 contracts, marking a 73% increase compared to the previous year. Open interest also rose by 55% to 243,600 contracts, with over 11,300 unique accounts participating in CME’s crypto products, according to the February 28 press release. The launch of SOL futures comes amid increasing interest in Solana exchange-traded funds, further indicating the asset’s growing appeal among institutional investors. Leading asset managers, including Franklin Templeton, Grayscale, 21Shares, Bitwise, and VanEck, have already submitted applications for spot Solana ETFs.
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