Ibis has emerged from stealth with a $250 million credit facility from FalconX as the company builds an onchain credit platform aimed at expanding institutional lending across frontier markets. The New York-based company also closed a pre-seed funding round led by FalconX, with participation from Anchorage Digital, Innovating Capital, and executives associated with Erebor, Revolut, Injective Foundation, Agora, Selini, Superstate, Flowdesk, Blockchain.com, DV Chain, Pyth, Colter Lewis, and GenCap Management.
Anchorage Digital Bank will serve as a custody, banking, and design partner, while Innovating Capital will provide support across credit, transaction structuring, and strategic development.
Ibis originates, tokenizes, risk-manages, and services structured credit facilities, connecting institutional capital providers with businesses seeking scalable financing.
The platform is initially focused on crypto trading firms and other participants across digital asset and prediction markets, where Ibis believes traditional lenders often struggle to underwrite companies with rapidly evolving collateral and specialized risk profiles.
The $250 million FalconX facility will provide institutional credit capacity for eligible crypto trading firms.
Ibis plans to handle the full credit lifecycle, including underwriting, structuring, collateral management, risk monitoring, and servicing.
The company views digital assets as its initial entry point into a broader opportunity across emerging industries that may lack access to conventional institutional lending infrastructure.
Over time, Ibis plans to extend its platform to additional frontier-market segments, including GPU infrastructure, robotics, venture capital, and other emerging technology categories.
The company also intends to expand its network of institutional lenders and capital providers as the platform grows.
Ibis said regulated custody will be an important component of its model. Anchorage Digital Bank will hold collateral for certain transactions, giving institutional capital providers access to structured lending arrangements supported by regulated infrastructure.
The company is positioning the platform as a bridge between traditional private credit and emerging onchain markets, with the goal of applying institutional underwriting standards and downside protections to businesses operating in newer asset classes.
KEY QUOTES:
“Frontier markets are developing faster than the financial infrastructure built to support them. Today, many high-quality businesses with strong fundamentals are underserved, not because they lack creditworthiness, but because traditional underwriters refuse to innovate.”
Cooper Emmons, Founder And CEO Of Ibis
“Our goal is to build a credit platform that can evolve alongside these markets, bringing a more sophisticated approach to how emerging businesses are evaluated, financed, and managed as they scale, and offering those opportunities to a broader audience.”
Cooper Emmons, Founder And CEO Of Ibis
“Access to reliable, institutional-grade credit is an important part of the continued maturation of digital assets. Ibis is building infrastructure to help bridge the gap between institutional capital allocators and a new generation of onchain market participants.”
Joshua Lim, Co-Head Of Global Markets At FalconX
“Credit is one of the last pieces of institutional infrastructure that digital asset markets are still building. Ibis is taking a disciplined approach: structured facilities, real underwriting, and collateral held in regulated custody at Anchorage Digital Bank.”
Nathan McCauley, CEO And Co-Founder Of Anchorage Digital
“The businesses driving frontier markets, like digital asset trading firms, are real, highly profitable, and maturing fast, but the credit markets haven’t caught up to them.”
Shiliang Tang, Managing Partner At Monarq Asset Management
