Falcon Finance Partners with ht.digital for Enhanced Onchain Transparency

Falcon Finance, a prominent player in the decentralized finance (DeFi) sector, has announced a strategic partnership with ht.digital to enhance its onchain transparency and reporting infrastructure. This collaboration aims to provide users with a more reliable and trustworthy platform by leveraging ht.digital's expertise in blockchain technology.

The Transparency Dashboard, a key component of this initiative, will be updated daily to reflect real-time reserve balances. This feature is designed to offer users a reliable source of truth, ensuring that all transactions and reserve information are readily accessible and verifiable. Falcon Finance's engineering team will work closely with ht.digital to integrate this dashboard seamlessly into the existing platform, enhancing the overall user experience.

Falcon Finance’s engineering team has worked hand in hand with ht.digital’s audit professionals to integrate robust data feeds and verification logic into their Proof of Reserves (PoR) framework. ht.digital’s auditors have conducted a detailed review of Falcon Finance’s processes and key controls. Moving forward, ht.digital will also issue Quarterly Attestation Reports that detail the status of Falcon Finance’s reserves. These reports will provide an additional layer of independent oversight and will be made available alongside the Transparency Dashboard. In each report, ht.digital will offer succinct findings on reserve sufficiency, data integrity, and adherence to defined control environments. This recurring attestation schedule underscores Falcon Finance's commitment to accountability and ongoing transparency.

“Transparency is not a marketing layer—it is protocol infrastructure. Working with ht.digital allows us to bring audit-grade reporting directly onchain, in a format that institutions and users alike can trust. This is core to our synthetic dollar thesis: yield and DeFi composability must rest on verifiable collateral,” said Andrei Grachev, Managing Partner at Falcon Finance.

“Our development team has collaborated closely with Falcon Finance to ensure their PoR application produces results based on a robust and appropriate logic. In parallel, our audit team is providing limited assurance over key controls implemented by Falcon Finance and we will be issuing subsequent quarterly attestation reports covering the reserves backing USDf.” - Nicholas Newman, CEO at ht.digital.

This collaboration is expected to have a positive impact on user trust and confidence in the platform. The daily updates to the Transparency Dashboard will provide users with the assurance that their funds are being managed responsibly and transparently. This, in turn, is likely to attract more users to the platform, further solidifying Falcon Finance's position in the competitive DeFi market.

The partnership between Falcon Finance and ht.digital is a testament to the growing importance of transparency in the financial sector. As more users and institutions turn to DeFi platforms for their financial needs, the demand for transparent and reliable services will only continue to grow. By taking proactive steps to enhance its transparency and reporting infrastructure, Falcon Finance is well-positioned to meet this demand and continue to thrive in the ever-evolving DeFi landscape.