Huobi HTX Lists Falcon Finance (FF), Expanding RWA-Focused DeFi Infrastructure

Executive Summary

Huobi HTX has listed Falcon Finance (FF), with spot trading commencing recently, providing a significant boost in exposure and liquidity for the project's innovative real-world asset (RWA) and decentralized finance (DeFi) infrastructure.

The Event in Detail

Huobi HTX officially began spot trading for Falcon Finance (FF) against USDT on September 29th at 21:00 (GMT+8). Deposits for FF were opened prior to trading, and withdrawals are scheduled to be available from October 1st at 21:00 (GMT+8). This listing follows an earlier announcement by KuCoin regarding their support for FF, further expanding the token's accessibility across major global cryptocurrency exchanges. The contract address for FF (ERC20) is 0xFA1C09fC8B491B6A4d3Ff53A10CAd29381b3F949.

Financial Mechanics & Business Strategy

Falcon Finance aims to establish a universal collateral infrastructure designed to convert various liquid assets, including digital assets and tokenized real-world assets (RWAs), into USD-pegged on-chain liquidity. At the core of this system is USDf, a synthetic overcollateralized dollar, maintained with a 115% to 116% overcollateralization ratio.

The collateral backing USDf is diversified, comprising blue-chip cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL); leading stablecoins like USDT, USDC, and USD1; selected altcoins; and tokenized assets, notably U.S. Treasuries. The protocol also features a $10 million on-chain insurance fund and utilizes ERC-4626-compliant vaults to manage DeFi liquidity risks. A dual-token structure, consisting of USDf and sUSDf, is employed to generate yield through market-neutral strategies.

Falcon Finance distinguishes itself through a commitment to transparency, offering a public Transparency Dashboard that provides real-time collateralization checks, asset breakdowns, and quarterly attestation reports. These reports are verified by third-party auditors such as HT Digital and Zellic, offering a stark contrast to opaque fiat-backed stablecoins like USDT and USDC which often rely on off-chain reserves. This approach is designed to provide institutional-grade stability by integrating tokenized RWAs and aligning with U.S. regulatory trends.

The project's strategic roadmap outlines significant developments for 2025 and 2026. By the end of 2025, Falcon Finance plans to open regulated fiat corridors in Latin America, Turkey, the eurozone, and other dollar markets, aiming for 24/7 USDf liquidity. A multichain deployment will extend USDf to leading Layer 1 and Layer 2 networks. Concurrently, Falcon Finance intends to form partnerships with licensed custodians to introduce bankable USDf products, overnight yield cash-management solutions, tokenized money-market funds, and physical gold redemption services. Discussions are underway with U.S. and international regulators to secure licenses under the GENIUS and CLARITY Acts and align with Europe's MiCA framework. For 2026, the protocol plans to deploy a modular RWA engine to onboard corporate bonds, private credit, and securitized USDf funds, expanding into tokenized equities and developing bank-grade securitizations.

Andrei Grachev, Managing Partner at Falcon Finance, stated, "Surpassing $1 billion in USDf supply, validating our reserves through third-party audits and delivering the first live RWA mint have proven our ability to marry compliance with innovation. Now, by extending our fiat rails across every major market, modularizing real-world asset tokenization and enabling seamless interoperability between TradFi and CeDeFi, we are creating the connective tissue of tomorrow's financial system."

Market Implications

The listing on Huobi HTX, combined with its prior listing on KuCoin, provides Falcon Finance with significant market exposure and enhanced liquidity for its FF token. This development could contribute to broader adoption of Falcon Finance's universal collateral infrastructure, particularly within the growing sector of tokenized real-world assets (RWAs), which is projected to reach $1 trillion in Total Value Locked (TVL) by 2026. The project's emphasis on transparency, robust collateralization, and regulatory alignment positions it to potentially set new trends in on-chain liquidity solutions and institutional engagement with DeFi. The initiative also signifies a potential shift in corporate adoption strategies, as companies increasingly explore tokenized assets and their integration into traditional financial systems. While the listing may attract speculative interest in the short term, its long-term impact hinges on the successful execution of its ambitious roadmap and its ability to bridge traditional finance with the decentralized ecosystem.

Broader Context

Falcon Finance's strategy aligns with a broader trend of integrating real-world assets (RWAs) into the blockchain ecosystem, seeking to unlock substantial liquidity from previously illiquid or inaccessible assets. By focusing on compliant, transparent, and institutional-grade solutions, Falcon Finance is positioning itself within the evolving landscape of decentralized finance, aiming to provide a secure and efficient framework for capital allocation across on-chain and off-chain financial systems. Its multi-faceted approach, encompassing diverse collateral, regulatory pursuit, and a global expansion strategy, underscores a significant effort to build foundational infrastructure for the next generation of financial markets.