According to an official GlobeNewswire announcement, Coinbax raised $4.2 million to develop a programmable stablecoin trust layer, expanding its focus beyond custody to strategy execution and programmable settlement for digital assets.
Coinbax announced via an official press release distributed on GlobeNewswire that it has completed a $4.2 million seed funding round led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, and SpringTime Ventures. The funding will be used to build a programmable stablecoin trust layer and to advance digital asset custody, strategy execution, and programmable settlement capabilities.