Ibis Exits Stealth Mode, Secures $250 Million Credit Facility from FalconX

On October 28, according to PR Newswire, on-chain credit platform Ibis announced on October 28 that it was ending its stealth mode and securing a $250 million credit facility (Credit Facility) from FalconX to provide structured credit to qualified crypto trading firms. Ibis also completed a pre-seed funding round, led by FalconX, with participation from executives at Anchorage Digital, Innovating Capital, Erebor, Revolut, Injective Foundation, Selini, Pyth, and other institutions, though the specific funding amount was not disclosed. Anchorage Digital Bank will serve as the custody, banking, and design partner, with collateral held under its regulated custody system. Ibis is responsible for originating, tokenizing, risk managing, and servicing structured credit financing, initially focusing on crypto and prediction markets, with plans to expand into emerging fields such as GPUs, robotics, and venture capital in the future.