POPA ReconPlume & FalconX launch $1B onchain credit facility
Plume & FalconX launch $1B onchain credit facility Plume and FalconX have unveiled FALX, a tokenized structured credit facility that brings institutional prime-brokerage lending on-chain, with capacity to scale up to $1B. Capital flows into a FalconX-managed SPV, facilitated by Pareto and curated by M11 Credit, which acts as administrative and collateral agent, monitoring the loan book and reporting performance. The interest rate is fixed each monthly cycle for predictable yield, and intra-month subscriptions let capital start earning prorated interest from the day it enters. The vault i…
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