Based on MetaEra, Coinbax, a New York-based stablecoin payment infrastructure company, announced on December 22 that it has raised $4.2 million in seed funding led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, and SpringTime Ventures. The company focuses on providing a trust layer for stablecoin payments, targeting institutional and enterprise users with programmable custody, reversible transactions, and compliance mechanisms to enhance security and control in B2B payments, cross-border settlements, and trade finance.
Stablecoin Payment Firm Coinbax Secures $4.2M Seed Funding
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Summary
Stablecoin regulation is gaining traction as Coinbax, a New York-based stablecoin payment infrastructure firm, announced on December 22 it has raised $4.2 million in seed funding led by BankTech Ventures. Connecticut Innovations, Paxos, and SpringTime Ventures also participated. The company builds a trust layer for stablecoin payments, targeting institutional and enterprise users with programmable custody, reversible transactions, and compliance tools. These features aim to improve security and control in B2B payments, cross-border settlements, and trade finance. The funding comes amid growing interest in liquidity and crypto markets, as firms seek to bridge traditional finance with digital assets.
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