Stablecoin payment infrastructure Coinbax completes $4.2 million seed round financing, led by BankTech Ventures

According to GlobeNewswire, Coinbax, a stablecoin payment infrastructure built on Base and Solana, announced the completion of a $4.2 million seed round financing, led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures, and others.

The new funds will support its development of custody, policy enforcement, and programmable settlement features for digital assets, as well as integration with custody and wallet infrastructure providers.