Coinbax Raises $4.2M to Bring Institutional Controls to Stablecoin Payments

Coinbax, the programmable trust layer for stablecoin payments, today announced $4.2 million in seed funding to bring escrow, policy enforcement, and programmable settlement to digital assets. The round was led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures, and industry leaders across banking, payments, and digital asset infrastructure. While traditional instant payment rails like RTP and FedNow have improved settlement speed, financial institutions still lack the programmable control layer necessary to deploy...

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