FalconX, Ethena bring USDe backing assets into $1B institutional credit facility
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Plume and FalconX launch $1 billion in FALX structured credit assets.
According to Foresight News , Plume, an institutional open finance platform, announced a partnership with FalconX, a leading global digital asset prime brokerage, to launch FALX structured credit assets. This $1 billion asset, assisted by Pareto and managed by M11 Credit, is entirely based on high-quality over-collateralized loans issued through the FalconX prime brokerage platform. This asset fully supports "mid-month subscription" and "real-time interest calculation on the first day" through programmable smart contracts, enabling global investors to deeply participate in traditional credit bonus strategies through compliant, programmable tools.
FalconX has obtained an EU MiCA license, enabling it to provide compliant encryption services to institutional clients in Europe.
BlockBeats reported on July 1st that FalconX, an institutional digital asset brokerage, announced it has obtained a license from the Malta Financial Services Authority (MFSA) under the EU's Crypto Asset Markets Regulation Act (MiCA), allowing it to provide compliant digital asset trading, custody, liquidity, and related institutional services within the EU and the European Economic Area (EEA). FalconX stated that this license allows it to operate under a unified regulatory framework across EU member states, eliminating the need for separate permits in each country. Currently, the company serves over 2,000 institutional clients globally, including asset management companies, hedge funds, banks, and family offices, facilitating over $2.5 trillion in transactions and disbursing over $8 billion in institutional funding. FalconX stated that with the full implementation of the MiCA regulatory framework, institutional clients' demand for compliant trading, custody, and liquidity services continues to grow, and regulatory qualifications are becoming a significant competitive advantage in the European digital asset market.
Ripple plans to introduce an institutional-grade lending protocol on XRPL, allowing financing using tokenized assets as collateral.
According to ChainCatcher, Ripple is pushing to add a new layer of lending infrastructure on top of the XRP Ledger (XRPL), enabling institutions to raise funds using on-chain tokenized assets as collateral. The protocol will automatically execute loan terms, while credit assessment and lending decisions will still be completed off-chain. The proposal, named the XRPL Lending Protocol (corresponding to the XLS-65 and XLS-66 standards), is currently in the draft stage and requires validator approval before being launched on the mainnet. However, it is already open for developer testing on the test network. The protocol design splits the lending process into two parts: on-chain mechanisms for pool management, interest calculation, repayment execution, and default handling; while borrower credit assessment and loan term setting remain with traditional financial institutions to adapt to compliance requirements in different jurisdictions. Ripple stated that this mechanism primarily targets short-term liquidity needs of institutions, such as in cross-border payment scenarios, where temporary financing using stablecoins or collateralized assets can be obtained before settlement, improving capital efficiency. Analysts believe that this solution attempts to introduce a "rule-based lending infrastructure" similar to traditional finance while maintaining the open network attributes of XRPL. However, it still faces competition from mature on-chain lending protocols such as Aave, Compound, and Maple.
BlackRock plans to integrate USDE into its $25 trillion assets under management investment platform.
According to Mars Finance, on June 29, market sources indicated that BlackRock plans to integrate USDE into its $25 trillion assets under management investment platform.
Ethena's ecosystem infrastructure, StablecoinX, launches Harness, a stablecoin orchestration platform.
Foresight News , StablecoinX Inc. (NASDAQ: USDE), a publicly traded stablecoin infrastructure company focused on the Ethena ecosystem, announced the official launch of its flagship infrastructure software platform, StablecoinX Harness. This platform is a middleware technology stack designed to streamline the complexities of stablecoin operations into a single integration interface. With StablecoinX Harness, institutions can accept any major stablecoin through a single integration, holding assets in sUSDe form to earn staking rewards, or transferring assets to a recipient-designated destination.
BlackRock plans to integrate USDe into its $25 trillion investment platform.
According to Foresight News , citing The Block, BlackRock and Ethena Labs announced a deepened partnership, adding the Ethena stablecoin USDe to the list of crypto assets supported by BlackRock's Aladdin investment management platform, which manages $25 trillion in assets. The two companies will also provide $100 million in liquidity through Securitize to serve BlackRock's tokenized Treasury bond fund, BUIDL. The new arrangement allows eligible BUIDL clients to exchange BUIDL for stablecoins such as USDC and USDtb off-exchange, and to exchange it back for BUIDL, thereby improving interoperability between on-chain Treasury bonds and stablecoins. Robert Mitchnick, Global Head of Digital Assets at BlackRock, stated that this liquidity arrangement provides the frictionless interoperability needed for tokenized government bonds. The report notes that USDe is a synthetic dollar that generates higher yields, unlike USDC and USDT, which are backed by fiat currency assets. BlackRock and Ethena have previously collaborated on the stablecoin USDtb (primarily powered by BUIDL), which currently has approximately $3 billion locked in value.