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,…
DBS Survey Finds 88% of Businesses Testing or Using Tokenized Money
TL;DR: A DBS survey published October 28 found that 88% of businesses in its sample were deploying or piloting tokenized-money use cases. Crypto traders sometimes treat institutional survey results as proof that public token demand must surge. A DBS survey published October 28 found that 88% of businesses in its sample were deploying or piloting…
Circle and ACI Bring USDC Settlement Into Latin American Payment Operations
TL;DR: ACI Worldwide and Circle announced a collaboration on October 27 to demonstrate how USDC settlement can fit into payment systems that banks already operate. The announcement reinforces an important shift in the stablecoin story: issuance alone is insufficient if enterprises cannot access tokens from the software they already use. ACI Worldwide and Circle announced…
Mirae Asset Issues Tokenized Dollar Notes on Solana for Professional Investors
TL;DR: Mirae Asset Securities’ Hong Kong unit announced the completion of a tokenized funding-note issuance on Solana for eligible institutional investors. For Solana markets, the headline provides another institutional blockchain use case distinct from trading memecoins or decentralized exchange tokens. Mirae Asset Securities’ Hong Kong unit announced the completion of a tokenized funding-note issuance on…