Coinbax closes $4.2 million seed round to expand its stablecoin-based payment platform

CoconutWaterBoy · 2026-01-12T07:09:10+00:00

Coinbax has raised $4.2 million in an initial funding round to strengthen its stablecoin payment platform. The funds will be used to improve its infrastructure and expand strategic partnerships, thereby facilitating adoption in the blockchain ecosystem.

CoconutWaterBoy

2026-01-12 07:09:10

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The stablecoin payment platform Coinbax has secured an initial funding round of $4.2 million, according to industry reports. This round was backed by a consortium of investors including BankTech Ventures as the lead investor, along with Connecticut Innovations, Paxos, SpringTime Ventures, and other participants.

Coinbax operates on the Base and Solana blockchains, positioning itself as a payment solution optimized for stablecoin transactions. Securing this capital marks a significant milestone in the platform’s development, which aims to establish itself in the emerging blockchain payments ecosystem.

Investment Focused on Advanced Technical Capabilities

The funds raised will be used to strengthen key aspects of the infrastructure. The main objectives include developing advanced custody functionalities, programmable governance mechanisms, and automated settlement systems for digital assets. Additionally, the platform will integrate tools such as a programmable calculator that will enable users to optimize their payment operations.

Expansion of Strategic Partnerships

Another core component of the investment plan includes integration with specialized custody infrastructure providers and compatible wallet platforms. This strategy aims to expand Coinbax’s reach and facilitate smoother adoption among users and decentralized protocols.

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