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Falcon Finance
Active AUM
$1.769bKey Metrics
Onchain AUM$1.769b
Change (24h)+0.01%
Active / Onchain100%
DeFi Active TVL$241.34m
Change (24h)+0.01%
Utilization13.6%
Largest ProtocolCCIP$164.46m
Net Flows 30dN/A
Net Flows 7dN/A
Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Synthetic Stable | $1.769b | $1.769b | +0.04% | $241.34m | 13.65% | -0.03% | $0.99 | |||
About Falcon Finance
Falcon Finance is a perpetual derivatives platform providing leveraged trading on RWA-linked assets and digital commodities. It enables non-custodial margin trading with blockchain settlement.
Entity
Legal entityFalcon Digital Limited
Founded2024
Primary chainEthereum
Entity structure
USDf and sUSDf are issued by Falcon Digital Limited trading as Falcon Finance under BVI law. DWF Labs is the seed investor and incubator but a separate entity. No registered office or incorporation number is printed in the public Terms.
Regulation
Falcon Digital Limited states in its Terms that it is not currently licensed by any regulatory authority, with BVI governing law and the US and Singapore among restricted jurisdictions. Reserve assurance comes from quarterly ISAE 3000 attestations by Harris and Trotter LLP and daily reserve verification rather than a regulator. GENIUS and MiCA licensing discussions are disclosed but no authorization exists as of July 2026.
Compliance
Of 1 assets
Attested0 of 1
KYC to mint or redeemunknown
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemable1 of 1
Fees & revenue
ConfidenceIssuer-Disclosed
Mint Fee0 bps
Redemption Fee0 bps
Fees Last Verified2026-07-09
No protocol fees for minting or redeeming USDf, with stablecoin redemptions 1 to 1 after a 7 day cooldown. Economics flow via yield spread on deployed collateral paid to sUSDf stakers, with a portion funding a 10 million dollar insurance fund.
Milestones
- 2026-02USDf supply passed 2 billion dollars
- 2025-10first quarterly ISAE 3000 attestation published
- 2025-09FF governance token TGE
- 2025-07USDf passed 1 billion with 10M World Liberty Financial investment
- 2025-04public launch with Falcon Miles program