Ibis exits stealth with $250M FalconX credit facility for onchain lending
AI summary
Onchain credit platform Ibis has launched out of stealth with a $250 million credit facility from digital asset financial services firm FalconX, alongside a closed pre-seed round. The backing gives a new onchain lending venue substantial institutional firepower from an established crypto prime broker. Traders should watch whether the facility deepens onchain credit liquidity and draws more institutional lending activity into DeFi-style markets.
