The Falcon Finance project is launching a regulated RWA issuance mechanism in El Salvador, with the first asset being a tokenized forward contract for GPUs to fund computing infrastructure. The company stated that the new model aims to combine financing for AI capacity, asset tokenization, and on-chain collateral.
Falcon Finance explained that financing computing power has become one of the fastest-growing categories of asset-backed lending, yet most such deals are concluded through private syndicates. This makes it difficult for lenders to exit their position before the financing term ends.
"A lender who wants to exit before maturity has very few options," noted the Falcon Finance team.
The new structure is designed to solve this problem by tokenizing the corresponding asset and enabling its subsequent trade on the open market.
How Tokenized GPU Financing Will Work
The first issuance is currently in the structuring phase. It involves a forward contract for GPUs—a financial instrument through which raised funds will be directed to finance the supply of computing equipment.
The demand for future computing capacity already has an anchor buyer: $NEAR AI, which will also serve as the project's technology partner.
Falcon Finance noted that the equipment is already under contract, with its price locked until October. Thus, the tokenized issuance is intended to finance the equipment supply and create an asset for investors linked to future computing power production.
The model itself involves three key elements:
- a regulated issuance of the tokenized asset;
- open secondary trading, including on permissionless platforms;
- the ability to use the asset as on-chain collateral once sufficient liquidity is established.
The issuance will be carried out through NOTA S.A.S. de C.V. (PSAD-0088), a company licensed under El Salvador's digital asset issuance legislation. Falcon Finance noted that Tether Gold is issued under this same regime.
The tokenized asset is planned to be made available for trading on open platforms, including Uniswap. Once it demonstrates sufficient trading volume and liquidity, it is planned to be used as collateral to mint the $USDf stablecoin within Falcon Finance.
Recall that the new product continues Falcon Finance's strategy of integrating traditional assets and infrastructure into DeFi. In October 2025, the project integrated Tether Gold (XAUT), making it available as collateral for minting $USDf.
Meanwhile, tokenization is reaching a new level: for instance, commodity companies have focused on issuing tokens backed by metals that have not yet been mined. This approach was chosen, in particular, by Datavault AI, which is traded on Nasdaq.
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