Dubai, UAE, July 10th, 2025, Chainwire
Falcon Finance, a synthetic dollar protocol, has completed its first live mint of USDf using tokenized U.S. Treasuries, marking a major step forward in integrating real-world assets (RWAs) into DeFi with full composability.
The transaction, which used Superstate’s tokenized short-duration Treasury fund (USTB) as collateral, was executed through Falcon’s production infrastructure. This milestone shows how regulated, yield-bearing assets can now directly support onchain liquidity—without the need for siloed systems or custom DeFi infrastructure.
Unlike many RWA initiatives that focus solely on tokenizing assets, Falcon’s architecture is designed for productive utility. Tokenized assets are not just parked in wrappers—they become active collateral, deployed into risk-managed, market-neutral strategies that power the USDf stablecoin.
“Tokenization is just the beginning,” said Artem Tolkachev, RWA Strategy Lead at Falcon Finance. “The real challenge is making those assets usable—so they can earn, hedge, and build within an open, composable system. This first mint shows that institutional-grade assets can move beyond proof-of-concept into functional onchain liquidity.”
Falcon’s approach embeds both institutional asset holders and DeFi capital providers within the same infrastructure. USDf, Falcon’s overcollateralized synthetic dollar, can be minted using either crypto-native or real-world assets, enabling users to unlock liquidity without selling their holdings.
This live mint reflects a broader roadmap for Falcon, which aims to onboard a diverse set of yield-generating real-world assets.
Upcoming collateral types include:
- Tokenized Treasuries – liquid and low-risk
- Money market funds – professionally managed with predictable returns
- Investment-grade corporate credit – introducing moderate credit risk and flexible flows
- Emerging market sovereign debt – higher yields with macro-level exposure
- Private credit and revenue-based lending – tied to real-world productivity
Each asset class must meet strict standards for custody, enforceability, and pricing transparency.
By connecting permissioned yield sources with permissionless DeFi strategies, Falcon is building the infrastructure to make real-world assets functionally composable onchain. This architecture is designed to align incentives across institutions, DAOs, protocols, and allocators alike—paving the way for a more robust and scalable financial layer.
About Falcon Finance
Falcon Finance is a synthetic dollar protocol that allows users to mint USDf against both crypto and tokenized real-world assets. It combines delta-neutral yield strategies with institutional-grade standards in risk management, transparency, and capital efficiency. Learn more at https://falcon.finance.
Contact
Managing Partner
Andrei Grachev
Falcon Finance
[email protected]
