Codex PBC reposted this
📣 We’re coming out of stealth! 📣 🚀🚀🚀 Codex PBC just raised $16M from Dragonfly (led by Haseeb Qureshi and Rob Hadick), Circle, Coinbase, Cumberland Labs, Wintermute, Selini, Hustle Fund, Mirana Ventures, Fabric Ventures, Dovey Wan, and other investors. We’re building vertically integrated stablecoin infrastructure fit for business use. Everyone's talking about stablecoins. $4B in 2019 to $235B today—a 60x leap in six years. But it's still <2% offshore USD deposits. We've barely begun. What's holding stablecoins back? We’ve seen ops teams move $ hundreds of thousands through MetaMask. Manual clicks. Wrong chains. Lost funds. Constant anxiety. The current crypto infrastructure wasn’t designed for this use case—it’s duct tape. Crypto's existing stack was optimized for trading, speculation, and experimentation. Good enough for early adoption, but scaling mainstream usage demands stability, simplicity, and reliability. We started Codex to fix this. Not abstract over the mess. Not wrap it in prettier dashboards. Actually fix it—by rebuilding the stack from first principles. The way forward: ✅ Chain – a stablecoin chain, built-for-purpose ✅ API – a programmatic way to move stablecoins between geographies ✅ FX – autonomous liquidity venue for FX Simple, secure, programmable. The way it should’ve been from the start. After years in B2B software, I've learned that good infra always internalizes complexity. Vertically integrated stacks are better as they replace assumptions with control. If you rely on external layers, you inherit their failures. Own the stack, own the outcomes. Speculative crypto thrives on composability—but composability is a double-edged sword. The same flexibility that accelerates experimentation introduces hidden interdependencies. Businesses need infra that treats stability as the core primitive—not an afterthought. Codex is built for ops teams handling meaningful transaction volumes. 🛠️ For finance teams prioritizing automation over manual processes. 🧱 For businesses seeking stability and predictability from stablecoins. Grateful for the rare opportunity to build Codex alongside one of my best friends, Haonan Li, an extraordinary operator like Momo Ong, and an exceptional team from Meta, TikTok, Coinbase, Palantir, and Jane Street Austin Woon Quan Jason Li Azfer A. Khan Charlie Lin We believe deeply in this moment-- the opportunity to build something truly generational. 🤝 If you’re building with stablecoins—or want to—let’s talk: codex.xyz/contact 📰 https://lnkd.in/gmh-SW83 ❎ https://lnkd.in/gz37VgSH More details in Fortune 👉