Craig Birchall

Head of Credit, Americas @FalconXGlobal. Formerly Head of Product @Membrane_Labs, Lending @galaxyhq and @jpmorgan. Opinions are my own

[Craig Birchall @_CraigBirchall]

@nic_carter Congrats Nic!

[Craig Birchall @_CraigBirchall]

@OneCryptoJ @Steven_Ehrlich @pan_teo_ @bitsandbips @paretocredit @FalconXGlobal 🔥🔥🔥 thank you sir! Couldn’t agree more

[Jonny Reid @OneCryptoJ]

@Steven_Ehrlich @_CraigBirchall @pan_teo_ @bitsandbips Was such a good episode
So bullish on @paretocredit and the team and all involved around it.

Great to see so much exposure coming to it alongside with the legends at @FalconXGlobal

[Bits + Bips @bitsandbips]

Repo Is $16T. Onchain Credit Is $5B. What's Missing? https://t.co/rlvDPRN8kC

[FalconX @FalconXGlobal]

FalconX’s Structured Credit Facility is now available on @monad_xyz, expanding access to tokenized institutional credit across onchain ecosystems.

Deployed through @paretocredit and curated by @M11Credit, the facility combines institutional-grade risk management with transparent onchain infrastructure - enabling institutional credit exposure to serve as productive collateral within digital asset markets.

Another step toward more scalable, capital-efficient onchain credit infrastructure.

[Craig Birchall @_CraigBirchall]

I still can’t believe it, but we can now say that we’re able to offer participation in the institutional crypto lending markets through a regulated banking partner - and via a tokenized credit facility at that!

HUGE thanks to @sygnumofficial for helping to pioneer this with us!

[Pareto @paretocredit]

https://t.co/mYHL1jPyda

[Craig Birchall @_CraigBirchall]

Super pumped to have gotten this over the line with the great team @Hut8Corp .

It’s been a hectic market these past few months but it’s really rewarding to see all of the hard work we’ve put in this last year come to fruition and seeing this business get its wings

[FalconX @FalconXGlobal]

FalconX has partnered with @Hut8Corp on a $200M Bitcoin-backed credit facility, refinancing its existing facility.

The transaction reinforces FalconX’s role as a leading financing partner to digital infrastructure companies, delivering tailored lending solutions at scale.

[Gauntlet @gauntlet_xyz]

Private credit as DeFi collateral isn't theoretical

Our Levered @FalconXGlobal Strategy powered by @Morpho markets has performed at 13%+ APY since August.

Great breakdown with @paretocredit on the full stack behind it.

[Craig Birchall @_CraigBirchall]

Really enjoyed joining @defidave and @Benjamin918_ to discuss the work we’re doing to bridge traditional credit into the on-chain ecosystem

Is great to be at this intersection with EtherFi @Showtime0x, M11 Credit @Bablidi_Thib, and Symbiotic @Psalom - excited for what’s next!

[cap @CapApp]

5 Teams, 1 Mission: The Institutional Restaking Stack Explained - The Cap Room EP #1

On the very first episode of The Cap Room, @defidave sits down with @Benjamin918_ (Cap Founder), @Psalom (Symbiotic Co-Founder), @Showtime0x (EtherFi Head of Ecosystem), @Bablidi_Thib (M11 Credit), and @_CraigBirchall (FalconX Head of Lending) to break down Cap's institutional restaking superpartnership piece by piece.

We cover how Cap is using @symbioticfi's shared security infrastructure to build insured private credit market, why @ether_fi is backstopping the system as the largest delegator in restaking, how @M11Credit and @FalconXGlobal are generating sustainable, overcollateralized yield from real lending activity, and why this collaboration could mark a turning point for restaking as a whole.

TIMESTAMPS
00:00 Introduction
03:00 Understanding the Collaboration and New Primitives
05:52 The Role of EtherFi in the Partnership
08:51 M11 Credit's Perspective on Cap
11:57 Exploring Cap's Three-Sided Marketplace
15:04 Yield Strategies and Risk Management
18:01 The Future of DeFi and TradFi Convergence
21:06 Community Impact
31:00 Closing Thoughts

Listen & Subscribe on all major platforms below ��

[ether.fi @ether_fi]

1/ EtherFi, @FalconXGlobal and @M11Credit have entered the first institutional restaking agreement in DeFi history.

Together, we're bringing weETHs into the @capapp protocol, unlocking additional rewards for @symbioticfi ETH holders. Learn more below ↓

[The Flâneur of Bushwick @defidave]

Cap
Ether Fi
Falcon X
Maven 11
Symbiotic

All coming together to bring the next-generation of yield onchain

The future won't be driven by token games or unsustainable incentives but fueled by real demand generating hard-earned yield

See anon? That's the flywheel starting...

[Craig Birchall @_CraigBirchall]

This is a massive milestone for us and big shout-out to the teams @gauntlet_xyz @paretocredit @M11Credit @Morpho for helping to make it happen.

If you’re looking for a sophisticated, liquid way to deploy capital on-chain, definitely reach out!

[Gauntlet @gauntlet_xyz]

The FalconX Credit Vault token is now the largest RWA by collateral on @Morpho, with $55M+ deployed on the protocol.

In 2025, we launched the @FalconXGlobal levered RWA strategy in partnership with @paretocredit and @M11Credit, bridging TradFi and DeFi.

The strategy showcases how RWAs can operate as composable building blocks for institutional portfolios onchain.

How the strategy works:

1. FalconX CV tokens are supplied to a Gauntlet curated vault.
2. The vault deposits CV tokens as collateral on Morpho and borrows USDC against them.
3. The borrowed USDC is used to buy additional CV tokens, which are again deposited as collateral on Morpho.
4. The loop remains active within the risk levels established by Gauntlet’s optimization engine, which monitors supply and borrow APYs, sets appropriate LLTVs, optimizes the leverage factors, and continually assesses market health.

Check out the Gauntlet Levered FalconX Vault here: https://t.co/pscS9U9gCr
Access the strategy on the Pareto App: https://t.co/p7a11DTY4B
Read more about the strategy and our partnership: https://t.co/blxK97MD3V
Explore our levered RWA strategy on VaultBook: https://t.co/I5dL4sqRw3

Data: https://t.co/R3FQEhRmHq

[FalconX @FalconXGlobal]

Big news: FalconX is acquiring @21shares. Together, the two firms will advance the convergence of digital assets and traditional finance, bringing together FalconX’s crypto-native market infrastructure, structuring expertise, and institutional network together with 21shares’ listed-market leadership and global distribution.

[Craig Birchall @_CraigBirchall]

@intangiblecoins I’m sad I didn’t get the invite :(

[Craig Birchall @_CraigBirchall]

@gaby_goldberg Congrats @dariya @gaby_goldberg !!

[Craig Birchall @_CraigBirchall]

@Membrane_Labs @Membrane_Labs Thanks for having me on, it was a great time!

[Membrane Labs @Membrane_Labs]

Watch @_CraigBirchall from @FalconXGlobal discuss the 2025 credit market:

• DeFi ≠ CeFi rates—different pools, different constraints
• Secured borrow is table stakes; legal + math set price
• Cross-venue margin > single-venue “0%” gimmicks
• Expect a major TradFi > crypto acquisition in 12–18 mo

Watch the BRANESTORM Podcast by @Membrane_labs: https://t.co/A9HV4KodpD

[Craig Birchall @_CraigBirchall]

Pumped for my first podcast coming from the @FalconXGlobal desk!

If you’re curious at all about the crypto lending markets or my first impressions being back in a lender’s seat, feel free to give it a listen

Big shoutout to the @Membrane_Labs team for having me on, it was fun!

[FalconX @FalconXGlobal]

Our Head of Credit for the Americas, Craig Birchall, joined @Membrane_Labs Brainstorm podcast to discuss the evolving landscape of crypto credit markets.

Key insights from the conversation:
✓ How institutional and DeFi rates interact in 2025
✓ Innovation in cross-margin solutions across multiple venues
✓ New treasury company strategies creating market opportunities
✓ The evolution from unsecured to more sophisticated secured lending

Tune in to hear Craig break down how institutional adoption is reshaping crypto markets: https://t.co/aUwgztGuK1

[FalconX @FalconXGlobal]

FalconX is expanding support for the Hyperliquid (HYPE) ecosystem with custody and staking solutions.

Clients can now:
✓ Custody HYPE securely on FalconX
✓ Stake HYPE on HyperCore directly from FalconX Custody accounts
✓ Delegate staking to the FalconX validator, operated with @ChorusOne
✓ Access liquid staking via @kinetiq_xyz (kHYPE, iHYPE) for greater flexibility

This is just the first phase of FalconX’s engagement with the Hyperliquid ecosystem. Beyond custody and staking, FalconX will soon integrate HYPE into its market-making capabilities, enabling institutional clients to access liquidity, yield, and exposure through a single trusted platform.

[Craig Birchall @_CraigBirchall]

It’s been awhile since I’ve tweeted, but wanted to share this awesome collaboration between us and the great folks at @gauntlet_xyz @paretocredit @MorphoLabs . It’s been a long time coming, but it’s been really awesome to be a part of accelerating the “CeFi meets DeFi” innovation

[Gauntlet @gauntlet_xyz]

1/ Today we are announcing the launch of our @FalconXGlobal levered RWA strategy, in partnership with @paretocredit and powered by @MorphoLabs vaults.

The strategy uses Pareto FalconX Credit Vault (CV) tokens as collateral to borrow USDC and buy more CV tokens within strict risk parameters set by Gauntlet’s optimization engine.

This collaboration further bridges TradFi and DeFi and marks a major evolution in the composability of Real-World-Assets enabled by permissionless DeFi infrastructure and trusted risk models.

Learn more about the strategy below.