Key highlights:
- Falcon Finance now supports CETES, tokenized Mexican government bills, as collateral to mint USDf and access DeFi yield.
- CETES are issued on Solana via Etherfuse and backed 1:1 by short-term sovereign debt with transparent, bankruptcy-remote architecture.
- The move strengthens Falcon’s multi-collateral system, offering geographic and currency diversification for global users.
CETES integration marks first non-USD sovereign yield option for Falcon users
Falcon Finance has integrated CETES—tokenized Mexican government bills—into its collateral system, marking the first time the platform has incorporated a non-U.S. sovereign asset. The CETES tokens, issued by Etherfuse and native to the Solana blockchain, allow users to maintain exposure to short-term Mexican government debt while using them to mint USDf, Falcon’s on-chain liquidity token.
The integration comes at a time when Falcon Finance has seen significant traction, with more than $700 million in new deposits and USDf mints since October, pushing the total supply of USDf past $2 billion.
By accepting CETES as collateral, Falcon expands its access to sovereign yields beyond the U.S. Treasury system. This shift offers users a new path to collateralize assets with local exposure, particularly in markets with high remittance volumes like Mexico, which receives nearly $65 billion in remittances annually—99% of which arrive via digital transfers.
Issued under Etherfuse’s Stablebonds framework, CETES are designed for high liquidity and transparency. The structure ensures daily NAV tracking, immediate settlement, and bankruptcy-remote safeguards. These characteristics make the tokens programmable assets suitable for decentralized finance use cases.
“Adding CETES strengthens our ability to support diversified, yield-bearing RWA portfolios onchain. Users can hold tokenized Treasuries, gold, Mexican sovereign bills, or even a tokenized Tesla share, and at the same time unlock USDf liquidity and access DeFi yield without selling their underlying positions. This is a practical step toward a unified collateral architecture built around real assets rather than a single asset class.” – Artem Tolkachev, Chief RWA Officer, Falcon Finance
For Etherfuse, the integration showcases how tokenized government instruments can play a practical role in powering decentralized finance. “CETES are backed by real short-duration government paper, issued natively on Solana, and built for instant liquidity,” said Dave Taylor of Etherfuse. “Falcon’s integration demonstrates how tokenized sovereign instruments can power real utility across DeFi.”
Conclusion
Falcon Finance’s inclusion of CETES broadens its collateral base and signals a move toward more globally diverse on-chain finance. With built-in regulatory clarity, short-duration yield, and Solana-based liquidity, CETES provide both individual users and institutional players with new ways to bridge traditional finance and the DeFi ecosystem—without giving up long-term asset exposure.
Source:: Falcon Finance Adds Tokenized Mexican Sovereign Bills to Expand Collateral Options