Ibis Ends Stealth Mode, Secures $250 Million Credit Facility from FalconX

TechFlow reported on Oct. 28, citing PR Newswire, that on-chain credit platform Ibis announced on Oct. 28 that it has exited stealth mode and secured a $250 million Credit Facility from FalconX to provide structured credit to eligible crypto trading firms. Ibis also completed a pre-seed funding round led by FalconX, with participation from executives at institutions including Anchorage Digital, Innovating Capital, Erebor, Revolut, Injective Foundation, Selini, and Pyth; the specific amount raised was not disclosed. Anchorage Digital Bank will serve as the custody, banking, and design partner, with collateral held in its regulated custody system. Ibis is responsible for originating, tokenizing, risk-managing, and servicing structured credit financing, initially focusing on crypto and prediction markets, with plans to expand into emerging areas such as GPUs, robotics, and venture capital.

Source: TechFlow