Coinbax has raised $4.2 million in seed funding to accelerate development of its programmable trust layer for stablecoin payments. The round was led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures, and other banking and payments industry leaders.
Use of Funds
The capital will support:
- Engineering Development: Accelerating platform build-out and feature expansion
- Infrastructure Integrations: Connecting with custody and wallet infrastructure providers
- Design Partner Onboarding: Working with commercial banks and enterprise payments teams
Read More – T-Curx Raises $20M in Series A First Closing
Platform Capabilities
The Coinbax platform operates on Base and Solana blockchains, supporting major stablecoins including USDC, USDG, RLUSD, and PYUSD, with planned expansion to additional networks.
Core features include:
- Programmable escrow structures
- Automated multi-party approvals
- Conditional settlement for milestone-based payments
- Direct integration with AP/AR and ERP systems
- Built-in audit trails and regulatory oversight
Read More – Mirelo Raises $41M in Seed Funding
- Advertisement -
