Funding
Ibis Emerges From Stealth With $250 Million FalconX Credit Facility and Pre-Seed Round
By News Desk ·
Key takeaways
- Ibis emerged from stealth with a $250 million credit facility from FalconX.
- Ibis closed a pre-seed round led by FalconX, with Anchorage Digital and Innovating Capital among the investors.
- Anchorage Digital Bank will serve as custody, banking and design partner for Ibis.
- Ibis plans to extend its credit infrastructure to GPUs, robotics and venture capital.
Ibis emerged from stealth on October 28, 2026 with a $250 million credit facility from FalconX and a pre-seed round led by FalconX and other investors, the company said in a PR Newswire announcement. The onchain credit platform will initially provide structured credit to crypto trading firms.
How Ibis Structures Its Credit Platform
Ibis originates, tokenizes, risk-manages and services structured credit facilities, connecting institutional capital providers with companies seeking scalable credit. The company said it was founded to address a structural gap in frontier-market credit, where traditional lending infrastructure often is not designed for emerging industries with complex risk profiles and rapidly evolving collateral.
"Frontier markets are developing faster than the financial infrastructure built to support them," said Cooper Emmons, Founder and CEO of Ibis. "Our goal is to build a credit platform that can evolve alongside these markets."
Anchorage Digital Bank, N.A. will serve as a custody, banking and design partner, while Innovating Capital will provide expertise in credit, transaction structuring and strategic development. The pre-seed round includes FalconX, Anchorage Digital and Innovating Capital, along with executives from Erebor, Revolut, Injective Foundation, Agora, Selini, Superstate, Flowdesk, Blockchain.com, DV Chain, Pyth, Colter Lewis and GenCap Management.
"Access to reliable, institutional-grade credit is an important part of the continued maturation of digital assets," said Joshua Lim, Co-Head of Global Markets at FalconX.
Ibis plans to extend its infrastructure to additional asset managers across emerging market segments, including GPUs, robotics and venture capital, while expanding its network of institutional lenders and capital providers.
FalconX's Funding and Trading Record
According to akta.pro company records, FalconX has 11 funding rounds on record and has executed more than $2.5 trillion in total trading volume since inception across spot, derivatives and FX in 400+ tokens. The same records list a $1 billion debt-funded round in August 2026 led by Ethena and a $150 million Series D in June 2022 led by B Capital and GIC.
| Date | Round | Amount | Lead investors |
|---|---|---|---|
| 2026-08 | Debt-funded | $1 billion | Ethena |
| 2025-05 | Debt-funded | Not stated | Cantor Fitzgerald |
| 2022-06 | Series D | $150 million | B Capital, GIC |
| 2021-08 | Series C | $210 million | Altimeter Capital, B Capital, Sapphire Ventures |
FalconX's Earlier Lending Facilities
FalconX and Ethena launched a $1 billion secured lending facility on August 19, 2026, routing USDe backing into overcollateralized institutional credit through a bankruptcy-remote SPV, CoinMarketCap reported. FalconX also joined Lumera's validator set, with Cascade, its storage protocol for durable memory, live on mainnet, according to Business Wire Blog; FalconX serves more than 2,000 institutional clients. In July 2026, FalconX acquired bloXroute, a blockchain networking and trading infrastructure provider, to embed low-latency onchain connectivity into its institutional platform, according to akta.pro company records.