HedgeCo.Net — FalconX said on August 19 that it has a $1 billion secured lending facility through a special-purpose vehicle with Ethena. The vehicle will deploy capital from the assets backing USDe into overcollateralized institutional credit. FalconX is originator, servicer, and collateral manager. Collateral will sit at qualified custodians. CoinDesk, citing the firms, said Ethena holds a first-priority security interest and that the loans are meant for trading, corporate treasury, and payment...
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