Ibis Completes Pre-Seed Funding Round, Led by FalconX

Odaily reports: Ibis has announced its exit from stealth mode and the securing of a $250 million credit facility provided by FalconX, alongside the completion of its pre-seed funding round. The round was led by FalconX, with participation from Anchorage Digital, Innovating Capital, as well as executives from Erebor, Revolut, Injective Foundation, Selini, Pyth, and other institutions. The specific amount was not disclosed. Anchorage Digital Bank serves as Ibis's custody, banking, and design partner, with collateral held through the bank's regulated custody system. Ibis is an on-chain credit platform responsible for the origination, tokenization, risk management, and servicing of structured credit, initially focusing on crypto and prediction markets, with plans to expand into GPU, robotics, and venture capital sectors.