Ethena and digital asset prime broker FalconX have announced a $1 billion collateralized custody financing arrangement, utilizing the assets behind USDe to support institutional over-collateralized loans. Loan purposes include trading strategies, corporate treasury management, and payments. FalconX will handle loan origination, servicing, and collateral management, while the collateral will be held by qualified third-party custodians. Ethena retains first-priority security interest in the related assets. This move aims to help Ethena reduce reliance on perpetual contract funding rate yields and expand the revenue sources for assets backing USDe. (CoinDesk) https://(wublock123.com)/news/ethena-falconx-1b-collateralized-custody-financing-arrangement-66822