FalconX and Ethena deepen onchain credit push with $1 bn lending facility

20th August, 2026

Aravind Bulusu

The US digital asset prime broker said Ethena Labs put up to $1 billion (£0.73bn) of USDe backing into a lending vehicle, allowing FalconX to offer over-collateralised loans to institutional clients.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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