Coinbax raises $4.2M in seed funding

Coinbax, a programmable trust layer for stablecoin payments, announced it has raised $4.2 million in a seed funding round. The round was led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, and SpringTime Ventures. Coinbax supports major stablecoins such as USDC, USDG, RLUSD, and PYUSD on the Base and Solana blockchains.