Falcon Finance Partners with BitGo
On June 10, 2025, in Dubai, Falcon Finance has made a significant advancement in its operational capabilities by forming a partnership with BitGo, a prominent player in the digital asset custody industry. This collaboration will not only enhance Falcon Finance’s access to regulated financial frameworks but also set the stage for future developments such as the capability to list tokens and implement staking options.
Integration of USDf Synthetic Dollar
Currently, BitGo is in the process of integrating the USDf synthetic dollar into its custody services. This means that once the integration is complete, institutional clients will have the ability to securely hold USDf within BitGo’s wallets, thereby simplifying their involvement with Falcon’s synthetic dollar ecosystem, which is designed to generate yield and is bolstered by overcollateralization.
Backing and Reserves of USDf
USDf is created through the deposit of accepted collateral, notably including USD1, a fiat-backed stablecoin provided by World Liberty Financial. The reserves backing USD1 comprise short-term U.S. Treasury securities and dollar bank deposits, all securely held by BitGo. This system establishes a transparent and traceable connection between fiat reserves and the issuance of the synthetic dollar.
Comments from Leadership
Andrei Grachev, Managing Partner at Falcon Finance, remarked on the significance of this partnership, stating, “The collaboration illustrates the gradual synergy between synthetic dollar protocols and regulated digital asset environments. BitGo’s custodial services furnish institutional investors with the necessary trust and compliance they need to interact with yield-generating synthetic dollar options like USDf.”
Complementing these remarks, Mike Belshe, CEO and Co-founder of BitGo, expressed the company’s commitment to safety and regulatory compliance. He stated, “We focus on ensuring transparency and regulatory alignment across all supported assets. The USDf protocol from Falcon Finance demonstrates a meticulous approach to synthetic dollar construction, backed by verifiable reserves and designed with overcollateralization. By incorporating USDf into our qualified custody framework, we empower institutional clients to engage with this innovative form of digital currency while maintaining compliance and integrity.”
Future Enhancements with USDf
The USDf custody service is anticipated to pave the way for future enhancements, including the implementation of Go Network settlement solutions and options for USDf staking through ERC-4626 vaults, which will facilitate the staking of synthetic dollars. The aim of these developments is to promote the adoption of compliant, yield-generating digital dollars within the institutional finance sector.
About Falcon Finance
Falcon Finance is a pioneering platform in the realm of synthetic dollars, offering USDf—a synthetic dollar characterized by overcollateralization and diverse crypto asset backing, aimed at ensuring sustainable yields. The platform is committed to delivering competitive returns for users across varying market conditions, upholding standards of transparency, security, and robust risk management.
About BitGo
BitGo, established in 2013, is recognized as a leading infrastructure provider for digital asset management, specializing in custody, wallets, trading, staking, and financing, all while adhering to stringent regulatory conditions. With a wide-ranging global presence and a clientele that includes many top-tier institutions, exchanges, and millions of retail investors, BitGo has become a cornerstone of the digital economy, managing a substantial portion of Bitcoin transactions and leading the industry as the largest independent digital asset custodian and staking service provider. For further details, visit www.bitgo.com.
