On-chain credit platform Ibis completes pre-seed funding round, led by FalconX.

October 28: Ibis announced its exit from stealth mode and secured a $250 million credit facility provided by FalconX, while also completing a pre-seed funding round. The round was led by FalconX, with participation from Anchorage Digital, Innovating Capital, and executives from institutions including Erebor, Revolut, Injective Foundation, Selini, and Pyth. The specific amount was not disclosed. Anchorage Digital Bank serves as Ibis's custody, banking, and design partner, with collateral held by the bank's regulated custody system.

Ibis is an on-chain credit platform responsible for the origination, tokenization, risk management, and servicing of structured credit, initially focusing on crypto and prediction markets, with plans to expand into GPU, robotics, and venture capital sectors.