Ibis Exits Stealth With $250 Million FalconX Facility for Onchain Credit

Institutional credit platform Ibis announced its public launch on Oct. 28, backed by a $250 million credit facility from digital asset prime brokerage FalconX ¹. Alongside the credit line, the startup closed an undisclosed pre-seed funding round led by FalconX, Anchorage Digital, and Innovating Capital, drawing strategic backing from executives across firms including Revolut, Superstate, and Blockchain.com ¹. Anchorage Digital Bank, N.A. will provide banking, design, and regulated custody services for collateral supporting the structured credit facilities ¹.

Ibis develops infrastructure to originate, tokenize, underwrite, and service structured debt transactions tailored for frontier sectors ¹. The platform is initially targeting institutions operating in digital assets and prediction markets, addressing long-standing hurdles where trading desks struggle to obtain scalable financing from traditional lenders due to complex risk models and non-traditional collateral ¹. Innovating Capital will assist Ibis with transaction structuring and credit analysis ¹.

Expansion Beyond Crypto Capital Markets

While launching with a mandate centered on cryptocurrency trading desks, Ibis intends to adapt its credit rails to broader frontier technology categories over time ¹. The company noted plans to expand financing facilities to asset managers handling specialized collateral, including venture debt, graphics processing units (GPUs), and robotics ¹. The initiative arrives as institutional appetite for tokenized debt and regulated private credit mechanisms continues to grow across onchain markets.

The development marks an ongoing push by institutional providers to formalize capital markets plumbing for digital assets following historic lending collapses in prior market cycles. At the time of writing, major crypto assets held steady, with $BTC trading at $80,374 and total digital asset market capitalization standing at $2.67 trillion.