FalconX Backs $250M Credit Facility for Ibis as Crypto Lending Infrastructure Evolves

TL;DR: Onchain credit company Ibis emerged from stealth on October 28, announcing a $250 million credit facility with FalconX and a pre-seed funding round. For a crypto market accustomed to cycles of unsecured or poorly understood lending, the phrase institutional credit needs to be earned.
Onchain credit company Ibis emerged from stealth on October 28, announcing a $250 million credit facility with FalconX and a pre-seed funding round. The company says its initial borrowers will include eligibl