Falcon Finance

Thanks to @DWFLabs for Haus last night. Probably the best room of Token2049 week.

See you again next year!

Thanks to @DWFLabs for Haus last night. Probably the best room of Token2049 week.

See you again next year!

We'll be at @DWFLabs Haus today. See you later!

Sign up here if you haven't already:
https://luma.com/DWFLabsHaus-SG2026

USDf grew 40.74% over the past month, the highest 30-day growth among all stablecoins with over $1B in supply.

More capital is finding its way to USDf.

🔗 트윗 원문 확인

September brought a new route from local currency to dollar liquidity. Kyrgyzstan’s som-pegged KGST became collateral for minting USDf.

We also celebrated one year of $FF.

Catch up on the updates and month-end figures in our September roundup: https://falcon.finance/news/september-2026-a-national-stablecoin-becomes-usdf-collateral

Robinhood put stocks onchain. Falcon Finance puts them to work.

Eligible users can now mint USDf against five @RobinhoodCrypto stock tokens: $NVDA, $SPY, $GLD, $META, and $SPCX.

Then deploy it in DeFi, stake for sUSDf, or spend with Falcon Card.

Mint: https://app.falcon.finance/swap/mint

Note: USDf minting runs on Chainlink oracles during US market hours.

1 year ago, $FF started a new chapter of Falcon Finance.

Join us in celebrating with @DWFLabs Haus in Seoul.

Don't miss the gachapon machine!

Walking down memory lane...

• Sep 29, 2025: $FF TGE
• Oct 9: $10m from M2 and Cypher
• Oct 21: KAIA and USDT (Kaia) as USDf collateral
• Oct 27: Tether Gold (XAUt) as collateral
• Oct 28: xStocks as collateral
• Oct 30: AEON Pay, 50m+ merchants
• Nov 19: Staking Vaults
• Nov 25: Centrifuge JAAA and JTRSY as collateral
• Dec 2: Etherfuse CETES as collateral
• Dec 11: XAUt gold vault
• Jan 5, 2026: FIP-1, Prime FF staking
• Jan 7: BTC vault
• Jan 23: Altery fiat off-ramps
• Jan 30: $50m ecosystem fund
• Feb 18: SPYx staking vault
• Apr 23: TSLAon as collateral
• May 27: fUSD with Anchorage
• Jun 29: NVDAon and NVDAX both mint USDf
• Jul 20: Falcon Card, 90+ jurisdictions
• Aug 18: El Salvador RWA pipeline
• Sep 15: KGST Classic Mint

We’re just getting started 💪

Happy Mid-Autumn Festival to everyone celebrating!

Looks like Perry got to the mooncakes early 🥮🐤

See you at DWF Labs Haus next Tuesday during Korea Blockchain Week!

September 29, 7 PM.

If you missed this one, Falcon Finance has opened a regulated RWA tokenization pipeline in El Salvador.

The first deal is already taking shape: a tokenized GPU financing structure for AI compute infrastructure, with NEAR AI as the anchor buyer of the compute.

So the path starts to look like this:

real-world asset → onchain market → usable dollar liquidity

That’s when tokenization starts becoming genuinely useful.

If you have an asset that could fit this model, please submit it here: https://tokenize.falcon.finance/

Our Chief RWA Officer Artem Tolkachev spoke at EBC12 in Barcelona about vaults as the next infrastructure layer for onchain asset management.

From the collateral side, almost anything can be tokenized. The questions are whether it can actually function as collateral:

→ Liquidity: how quickly can the asset turn into cash under stress?
→ Composability: where can the token actually be used onchain?

RWAs also come with their own risk stack: legal claims, redemption terms, offchain custody, and underlying markets that close.

That means underwriting them as credit and reading the documents, not just the deck.

Onchain markets run 24/7/365, but the underlying markets often don’t.

For a growing set of tokenized assets, T+0 liquidity already exists through different layers, and we expect more solutions to emerge as the market develops.

Our Chief RWA Officer Artem Tolkachev spoke at EBC12 in Barcelona about vaults as the next infrastructure layer for onchain asset management.

From the collateral side, almost anything can be tokenized. The questions are whether it can actually function as collateral:

→ Liquidity: how quickly can the asset turn into cash under stress?
→ Composability: where can the token actually be used onchain?

RWAs also come with their own risk stack: legal claims, redemption terms, offchain custody, and underlying markets that close.

That means underwriting them as credit and reading the documents, not just the deck.

Onchain markets run 24/7/365, but the underlying markets often don’t.

For a growing set of tokenized assets, T+0 liquidity already exists through different layers, and we expect more solutions to emerge as the market develops.

Trading desks need dollars ready for settlement and collateral. With $fUSD, eligible institutions can also qualify for rewards targeting roughly 3% a year.

Issued by Anchorage Digital Bank, N.A., fUSD is designed to align with the GENIUS Act framework. Anchorage manages its reserves, backed by cash, short-term U.S. Treasuries, and Treasury-backed repo.

Through Ceffu’s MirrorRSV, desks can use fUSD as trading collateral while keeping it in institutional custody.

Rewards are offered separately by Falcon Finance under agreements with qualifying institutions. Anchorage does not pay yield or rewards on fUSD itself.

Participation is subject to eligibility, program terms, and applicable law.

👉 Learn more: https://fusd.falcon.finance/

What happens when a national stablecoin becomes collateral?

Kyrgyzstan’s state-backed som stablecoin, $KGST, can now be used to mint $USDf through Classic Mint.

It connects local-currency value to dollar-denominated onchain liquidity, bringing KGST into the wider global onchain economy.

Since Falcon Finance launched, we’ve kept building and shipping, giving users more ways to put their assets to work.

Here’s how our product suite has expanded just this year:

→ fUSD: A regulated digital dollar for institutional treasury, settlement, and collateral use. Issued by Anchorage Digital, the first federally chartered crypto bank, and supported by Ceffu’s custody infrastructure, fUSD gives qualifying institutions access to a separate Falcon rewards program targeting approximately 3% annually.

Details here: https://falcon.finance/news/falcon-finance-and-anchorage-digital-bank-launch-fusd-a-genius-ready-stablecoin-with-rewards-on-ceffu

→ RWA issuance in El Salvador: Our regulated tokenization pipeline starts with financing GPU delivery. The first asset, a tokenized GPU forward, is still being structured, with NEAR AI as the anchor buyer of the compute those GPUs will produce. It is designed for secondary trading and could later qualify as collateral to mint USDf once sufficient trading volume and market depth are established.

Find out more: https://falcon.finance/news/falcon-finance-opens-regulated-tokenization-pipeline-in-el-salvador-led-by-gpu-financing

→ Falcon Card: A way to turn USDf, our overcollateralized synthetic dollar, into everyday spending. Eligible, verified users in 90+ supported jurisdictions can fund their card with USDf, converted to USD at 1:1, and pay online or in-store. No annual subscription fee.

How to get your card: https://falcon.finance/news/from-tokenized-assets-to-everyday-spending-introducing-falcon-card

From USDf and yield to institutional dollars, everyday payments, and tokenization, we’re steadily expanding what Falcon can do.

Since Falcon Finance launched, we’ve kept building and shipping, giving users more ways to put their assets to work.

Here’s how our product suite has expanded just this year:

→ fUSD: A regulated digital dollar for institutional treasury, settlement, and collateral use. Issued by Anchorage Digital, the first federally chartered crypto bank, and supported by Ceffu’s custody infrastructure, fUSD gives qualifying institutions access to a separate Falcon rewards program targeting approximately 3% annually.

Details here: https://falcon.finance/news/falcon-finance-and-anchorage-digital-bank-launch-fusd-a-genius-ready-stablecoin-with-rewards-on-ceffu

→ RWA issuance in El Salvador: Our regulated tokenization pipeline starts with financing GPU delivery. The first asset, a tokenized GPU forward, is still being structured, with NEAR AI as the anchor buyer of the compute those GPUs will produce. It is designed for secondary trading and could later qualify as collateral to mint USDf once sufficient trading volume and market depth are established.

Find out more: https://falcon.finance/news/falcon-finance-opens-regulated-tokenization-pipeline-in-el-salvador-led-by-gpu-financing

→ Falcon Card: A way to turn USDf, our overcollateralized synthetic dollar, into everyday spending. Eligible, verified users in 90+ supported jurisdictions can fund their card with USDf, converted to USD at 1:1, and pay online or in-store. No annual subscription fee.

How to get your card: https://falcon.finance/news/from-tokenized-assets-to-everyday-spending-introducing-falcon-card

From USDf and yield to institutional dollars, everyday payments, and tokenization, we’re steadily expanding what Falcon can do.

We're getting really close to $40 billion and beyond.

Treasuries, gold, tokenized stocks, and investment-grade credit in this stack can already be posted on Falcon to mint USDf. Falcon Card spends that dollar. The El Salvador pipeline is how more of the credit layers get the same path.

If you want to understand how fast RWAs are moving, look at the holder count.

30 days ago:
1.1M addresses holding tokenized stocks

Today:
2.8M

That’s a 2.6x in a month.

"Demand was never the missing piece, perps proved the product offshore years ago. What changed is the legal wrapper."

Our Chief RWA Officer Artem Tolkachev in Forbes, on perps moving onshore.

Read more here 👉 https://www.forbes.com/sites/digital-assets/2026/08/27/how-perpetual-futures-could-make-more-assets-tradable/