Our mission is to
bring FX onchain

The company

Founded in 2024, Codex FX is backed by Dragonfly, Coinbase Ventures, Circle Ventures, Wintermute, and Cumberland.

Stablecoins have quietly become one of the fastest-growing financial technologies on earth, but the deepest bottleneck in moving money across borders remains untouched.

Every real payment eventually hits FX. Commerce is multi-currency by nature, and the instant one currency must become another, money drops back into infrastructure built for banks. Intermediaries, cutoff windows, unpredictable pricing, and settlement that still takes days.

Codex FX exists to solve this issue by making fiat and stablecoins interchangeable across any currency. Money can arrive in one currency and leave in another, with stablecoins settling the exchange underneath. The result is wholesale pricing, settlement in minutes, and availability around the clock, above all in the emerging and frontier markets, from Brazil and Mexico to Argentina and the Philippines, that established providers have been slowest to serve.

Moving money this way is deceptively hard. It takes licenses and banking relationships across the world, groundwork that takes years and now runs beneath everything we do. At the heart of everything we do is one grand goal. To let anyone transmit the fruits of their labor across space and time, and to make money move as seamlessly as information.