According to GlobeNewswire, Coinbax, a stablecoin payments platform built on Base and Solana, has secured a $4.2 million seed round. The round was led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures, and other backers.
The freshly raised capital will accelerate Coinbax’s product roadmap, specifically advancing custody, policy enforcement, and programmable settlement capabilities for digital assets, alongside deeper integration with custody and wallet infrastructure providers to bolster enterprise-grade liquidity rails.
The seed round signals diversified investor backing for Coinbax’s infrastructure-focused strategy and its approach to scalable, regulated crypto settlement rails.