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UNIIbis launches with $250m FalconX credit facility for onchain lending
Onchain credit platform Ibis has come out of stealth with a $250m facility from FalconX and a closed pre-seed round, with Anchorage Digital Bank holding collateral in regulated custody.
Why it matters: The deal shows institutional capital moving further into tokenised credit, with regulated custody used to bring structured lending to onchain borrowers.
Key points
- Ibis emerged from stealth on 28 Oct with a $250m credit facility from FalconX.
- The pre-seed round was led by FalconX, with Anchorage Digital, Innovating Capital and industry executives taking part.
- Anchorage Digital Bank will act as custody, banking and design partner, with Innovating Capital advising on deal structuring.
Ibis, an onchain credit platform, has come out of stealth with a $250m credit facility from FalconX and a closed pre-seed round, Bitcoin.com News reports. The company announced the move on 28 Oct. FalconX led the pre-seed alongside Anchorage Digital, Innovating Capital and executives from firms including Revolut, Injective Foundation, Superstate, Agora, Blockchain.com and Pyth.
The platform handles the full lifecycle of institutional credit, from origination and tokenisation to underwriting, risk management and servicing. It is aimed at frontier markets where lenders struggle with non-standard collateral and complex risk. Ibis starts with digital asset and prediction market institutions and plans to extend into GPU infrastructure, robotics and venture capital.
Regulated custody role
Anchorage Digital Bank will provide custody, banking and design support so collateral sits in a regulated setting, while Innovating Capital advises on structuring and risk. Cooper Emmons, Ibis founder and CEO, said strong businesses are underserved because traditional underwriters will not adapt. Joshua Lim of FalconX and Nathan McCauley of Anchorage Digital both framed the platform as a bridge between institutional capital and onchain markets.
FalconX has spent recent years linking institutional money to onchain debt through structured credit and tokenised lending. In August it worked with Ethena Labs on a $1bn warehouse financing facility run through a special purpose vehicle, lending against USDe to overcollateralised institutional loans.
Live updates on NewsFeeds:AltcoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
Not investment advice. Read the risk disclaimer.