what's Coinbax?
Coinbax is a stablecoin payments and settlement infrastructure tailored for banks, fintechs, and enterprises. It offers programmable controls, automated settlement logic, and secure channels for stablecoins and tokenized deposits, facilitating compliant, real-time corporate and institutional payments. Built in the Web3 ecosystem with a CeFi-style approach, it prioritizes reliability, control, and interoperability, distinct from consumer trading or DeFi speculation. The platform functions as a programmable trust layer atop stablecoin payments, enabling features like escrow, multi-party approvals, spend limits, and conditional execution via smart contracts.
Coinbax raised $4.2M seed funding (BankTech Ventures) for programmable stablecoin payments.
Raised $4.2M in seed funding led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures, and other banking, payments, and digital asset infrastructure players, to build a programmable trust layer for stablecoin payments focused on escrow, policy enforcement, and programmable settlement.