FalconX Partners with Ethena, Expanding Institutional Access to USDe
FalconX is excited to announce support for Ethena’s USDe, the third-largest stablecoin by supply, across our spot, derivatives and custody business lines. Approved institutional clients will be able to access OTC liquidity for USDe and use it as collateral in certain credit and derivatives transactions across the platform.
“We are excited to be working with one of the leading institutional liquidity providers in the space to broaden access to USDe for their client base,” said Guy Young, Founder at Ethena Labs. “FalconX has a long history of providing innovative solutions to maximise capital efficiency for their clients and we are excited to support their platform with a unique product offering.”
This integration unlocks greater capital efficiency and expands institutional access to one of the fastest-growing stablecoins, built on a delta-neutral basis strategy that creates portable yield across DeFi and TradFi ecosystems. It also reflects our continued commitment to bridging onchain financial primitives with enterprise-grade infrastructure.
“Ethena is pioneering a new category of internet-native money,” said Joshua Lim, Global Co-head of Markets at FalconX. “We’re proud to support USDe on our platform and help bring greater access, liquidity, and institutional-grade infrastructure to this next wave of stablecoin adoption.”
In addition to the USDe integration, FalconX will also provide market liquidity in USDe and ENA in select bilateral trading channels, centralized and decentralized venues.
About FalconX
FalconX is a leading digital asset prime brokerage for the world’s top institutions. We provide comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives.
FalconX is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.
“FalconX” is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and FalconX entity capabilities. For more information about which legal entities offer particular products and services, please see the disclosure on our public website, incorporated herein, or reach out to your relationship contact.
About Ethena
Ethena is the protocol behind USDe, the third-largest and fastest growing USD-denominated crypto asset in history. Ethena has over $14 billion in TVL today across one of the largest sets of users from a DeFi protocol, alongside integrations with some of the largest centralized exchanges and major DeFi applications. Ethena Labs, a contributor to the protocol, is backed by Dragonfly, Fidelity, Franklin Templeton, Binance Labs, Bybit and OKX among others
This material is for informational purposes only and is only intended for sophisticated or institutional investors. Neither FalconX Limited, FalconX Bravo, Inc., FalconX Delta, Inc., FalconX Foxtrot Pte Ltd., FalconX Golf Pte Ltd., Solios, Inc., Falcon Labs, Ltd., KestrelX, Ltd., nor Banzai Pipeline Limited (separately and collectively “FalconX”) service retail counterparties, and the information on this website is NOT intended for retail investors. The material published on this website is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of FalconX or any of its affiliates. Any information contained in this website is not and should not be regarded as investment research, debt research, or derivatives research for the purposes of the rules of the CFTC or any other relevant regulatory body.
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"FalconX" is a marketing name for FalconX Limited and its affiliates. Availability of products and services is subject to jurisdictional limitations and capabilities of each FalconX entity. For information about which legal entities offer trading products and services, or if you are considering entering into a derivatives transaction, please reach out to your Sales or Trading representative.
