$250M FalconX Facility Powers Ibis Push Into Onchain Credit

Onchain credit platform Ibis has launched out of stealth, securing a $250 million credit facility from FalconX alongside a closed pre-seed round. Onchain credit platform Ibis announced its emergence from stealth on Oct. 28, backed by a $250 million credit facility from digital asset financial services firm FalconX and the completion of its pre-seed funding round. The pre-seed round was led by FalconX alongside a syndicate of digital asset and capital markets institutional investors, including Anchorage Digital, Innovating Capital, and executives from Revolut, Injective Foundation, Superstate, Agora, Blockchain.com, and Pyth, among others.