Falcon Finance Announces Custody Integration with BitGo for USDf Synthetic Dollar

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 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 U.S. Treasuries and dollar deposits, are held in custody by BitGo, creating a clear and auditable flow from fiat reserve to synthetic dollar issuance.

“This integration reflects the growing alignment between synthetic dollar protocols and regulated digital asset infrastructure,” said Andrei Grachev, Managing Partner at Falcon Finance. “BitGo’s custody support provides institutional users with the operational trust and compliance standards required to engage with yield-bearing synthetic dollar like USDf.”

“At BitGo, we prioritize safety, transparency, and regulatory alignment for every asset we support,” said Mike Belshe, CEO & Co-founder of BitGo. “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:

• USDf staking, Users will be able to stake USDf into sUSDf vaults via the ERC-4626 standard. 
• Fiat settlement, enabling seamless fiat on- and off-ramps 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 sUSDf staking via ERC-4626 vaults, USD settlement and collateral management. Together, these features aim to support the next wave of compliant, yield-bearing digital dollar adoption across institutional finance.