Under active development. We're continuously fixing and improving the metrics and parameters, so scores and ratings may change. See changelog

RWABeat

FalconX Credit Vault

Senior tranche of the FalconX credit vault on Pareto. USDC is lent to one FalconX borrower wallet, which funds prime-brokerage credit lines. Collateral sits offchain. The junior tranche has no tokens outstanding, so there is no onchain first-loss buffer. This is the vault FalconX announced and that rwa.xyz lists as AA_FalconXUSDC, not Plume's NFALCON or Sygnum's Desygnate. A deprecated Pareto deployment on Optimism is not tracked.

Private creditNon-US professional investors onlyTransfer-restrictedOnchain dataIssued by M11 Credit · Platform Pareto
JSON
Value
$131.5M
Stage
None
Below Stage 0: key facts not disclosed
Single-key powers
7
Single key holds critical power
Oracle age
6d 18h
On schedule
Used as DeFi collateral
$12.5M· 5 markets

Exit

How fast can a holder, or a liquidator, get out?

Red

Redemption takes T+31, more than a week.

  1. Redemption takes T+31, more than a week.

  2. Redemptions are only processed monthly.

  3. Redeeming needs 31 days' notice.

  4. The issuer can suspend redemptions at its discretion.

  5. Any lock-up isn't public.

  6. Any daily redemption cap isn't public.

  7. Only allowlisted holders can redeem.

  8. No instant or secondary liquidity: every exit goes through issuer redemption.

  9. Any liquidator can hold the token.

  • Minimum redemption $250.0K.
  • Top 10 wallets hold 97.0% of supply on ethereum.

Redemption with the issuer

Redemption available
Yes
Who can redeem
Whitelisted holders
Dealing
Monthly
Settlement
T+31
Notice period
31 days
Lock-up
Not public · searched 25 Oct 2026 Help us find it
Gates or suspension
Can be suspended at issuer discretion
Daily cap
Not public · searched 25 Oct 2026 Help us find it
Minimum
$250,000.00
Fee
0%

Liquidators

In a lending market, the real exit window is how fast a liquidator can get out.

Can hold the token
Anyone

Holder concentration

The top 10 wallets on Ethereum hold 97.0% of supply (37 holders).

  • Wrapped FalconX0x4614…864424.82%
  • 0x1388…98e123.58%
  • 0x9FDf…509e13.33%
  • Morpho0xBBBB…FFCb9.53%
  • 0x9364…c9c48.11%

Instant exits

Ways out that don't wait for redemption. Real liquidity means $5.0M out at once.

Instant redemption facilities

None found.

Selling on DEXs into USDC

SellYou getLoss against NAV
$1.0M$199.0099.98% (dust pools only)
$5.0M$200.00100.00% (dust pools only)
$10.0M$200.00100.00% (dust pools only)

Quoted 25 Oct 2026, 09:15 UTC at NAV $1.12, via KyberSwap.