The stablecoin payment infrastructure Coinbax has completed a $4.2 million funding round, supported by multiple institutions for its programmable settlement solution.

[Chain News] The stablecoin payment infrastructure project Coinbax recently completed a seed round financing of $4.2 million. This round of financing was led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures and other institutions, with investors coming from the banking, payment, and digital asset infrastructure sectors.

Coinbax is primarily focused on introducing three core capabilities for digital assets: asset custody, strategy execution, and programmable settlement. In other words, what it aims to do is build a trusted foundational layer in the stablecoin payment process, allowing both parties in a transaction to more flexibly organize and execute payment logic.

This financing reflects the ongoing demand for stablecoin infrastructure in the market. Especially in the macro liquidity environment, how to make payment links more transparent and settlements more efficient has become a focal point for many institutions and projects. Coinbax's financing movements also confirm this trend.