Ethena partners with FalconX to offer institutional stablecoin lending services.
DeFi & Yields ·
Ethena has entered into a partnership with FalconX, a digital asset prime broker, to serve as an institutional lending partner. Through the arrangement, Ethena will allocate capital toward overcollateralized stablecoin lending to FalconX, allowing the prime broker to expand its balance sheet while giving Ethena access to FalconX's loan origination and secured lending capabilities.
The partnership is designed to deliver improved risk-adjusted terms for both parties compared to what each could achieve independently. FalconX gains incremental balance-sheet capacity, while Ethena benefits from the operational expertise required to structure and manage secured lending at institutional scale.
The terms of the arrangement—including lending volumes, duration, collateral requirements beyond the stated overcollateralization, and pricing—have not been disclosed.