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
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

Legal Claim

If the issuer goes bankrupt, do holders still own the assets?

Not assessed

Not assessed yet. Bankruptcy remoteness, what the token legally is, and holder rights need a legal review.

No checks recorded.

Until a qualified legal reviewer joins, we show the public records below so you can read them yourself. This category will check:

  • Structure: regulated fund, bankruptcy-remote SPV, or direct issuer liability
  • What the token legally is: a fund share, a debt note, or a contractual claim
  • Whether the token is the official record of ownership
  • Jurisdiction, and whether a court there would recognize a token holder
  • An independent trustee or board that can act for holders
  • Regulatory status of the product and the issuer

Bankruptcy remoteness (Stage 1) and an independent trustee (Stage 2) depend on this review.

Legal structure

Issuer
FalconX Credit Vault
Vehicle
Not public · searched 14 Oct 2026 · The lending entity's legal name was not found. rwa.xyz gives a domicile only. Help us find it
Jurisdiction
Republic of the Marshall Islands
If the issuer fails
Not found Help us find it

Public records

LEI
Not public · searched 14 Oct 2026 Help us find it
SEC filings
Not public · searched 14 Oct 2026 · Not a US offering. No EDGAR filer found. Help us find it
Offering document
Not public · searched 14 Oct 2026 Help us find it
Audited financials
Not public · searched 14 Oct 2026 Help us find it
Transfer agent
Not public · searched 14 Oct 2026 Help us find it