June 10, 2025 – Dubai, United Arab Emirates
Falcon Finance, the synthetic dollar protocol backed by DWF Labs, has announced an upcoming integration with BitGo to provide secure custody support for its overcollateralized synthetic dollar, USDf.
The partnership extends Falcon Finance’s access to regulated infrastructure and prepares the groundwork for future features including token listing and staking.
BitGo, one of the industry’s leading qualified custodians for digital assets, is currently onboarding USDf to its custody platform.
Once live, institutional users will be able to hold USDf within BitGo wallets, streamlining access to Falcon’s yield-bearing and overcollateralized synthetic dollar ecosystem.
USDf is minted by depositing approved collateral, including USD1, a fiat-backed stablecoin issued by World Liberty Financial.
USD1’s reserves composed of short-term US Treasuries and dollar deposits are held in custody by BitGo, creating a clear and auditable flow from fiat reserve to synthetic dollar issuance.
Andrei Grachev, managing partner at Falcon Finance, said,
“This integration reflects the growing alignment between synthetic dollar protocols and regulated digital asset infrastructure.
“BitGo’s custody support provides institutional users with the operational trust and compliance standards required to engage with yield-bearing synthetic dollar like USDf.”
Mike Belshe, CEO and co-founder of BitGo, said,
“At BitGo, we prioritize safety, transparency and regulatory alignment for every asset we support.
“Falcon Finance’s USDf protocol represents a thoughtful approach to synthetic dollar design backed by real, auditable reserves and structured with overcollateralization.
“By integrating USDf into our qualified custody platform, we’re enabling institutional clients to interact with a new class of digital dollars without compromising on compliance or operational integrity.
“This is a critical step toward bringing scalable, yield-generating stable assets into the regulated financial system.”
Once USDf custody is live, Falcon and BitGo also plan to expand support to the following.
- USDf staking sers will be able to stake USDf into sUSDf vaults via the ERC-4626 standard.
- Fiat settlement, enabling seamless fiat transfers plus on- and off-ramps capabilities through BitGo’s Go Network.
This collaboration between Falcon Finance and BitGo lays the foundation for a broader integration of synthetic dollar infrastructure with institutional custody and liquidity networks.
Future phases will introduce Go Network settlement solutions and USDf staking via ERC-4626 vaults (allowing for staked sUSDf), USD settlement and collateral management.
Together, these features aim to support the next wave of compliant, yield-bearing digital dollar adoption across institutional finance.
About Falcon Finance
Falcon Finance is a next-generation synthetic dollar protocol. USDf is an overcollateralized synthetic dollar backed by diversified crypto assets, built for sustainable yield.
Preserving users’ multi-assets with industry competitive yields across any market conditions, it sets a new standard in the industry, along with transparency, security and institutional-grade risk management.
Learn more here.
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing and settlement services from regulated cold storage.
Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space.
With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry’s top brands, exchanges and platforms, as well as millions of retail investors worldwide.
As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian and staking provider in the world.
For more information, visit the website.
Contact
Andrei Grachev, managing partner at Falcon Finance
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