Ibis Emerges From Stealth With $250 Million FalconX Credit Line

Ibis has emerged from stealth with a $250 million credit line from FalconX for structured-credit financing focused initially on crypto and prediction markets. Ibis's responsibilities span originating and tokenizing financing, managing risk and servicing deals. It plans to expand the business into GPUs, robotics and venture capital. FalconX and Ethena also operate a separate $1 billion lending facility backed by USDe . John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.