On Oct. 28, onchain credit platform Ibis announced its emergence from stealth, backed by a $250 million credit facility from FalconX and a completed pre-seed funding round. The source does not say how much of the facility Ibis has used or disclose the size of the funding round.
Ibis said its platform initially targets institutions in digital assets and prediction markets. Anchorage Digital Bank will serve as a custody, banking and design partner. Ibis plans to expand its credit model into other areas, including GPU infrastructure, robotics and venture capital.
