Codex, the startup behind an enterprise-focused blockchain for stablecoins, raises $15.8 million in Dragonfly-led seed round
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Codex, the startup behind an enterprise-focused blockchain for stablecoins, raises $15.8 million in Dragonfly-led seed round
Description
Codex, a startup building a stablecoin-focused Ethereum Layer 2 using Optimism, raised $15.8M in seed funding led by Dragonfly Capital, with support from Coinbase, Circle, and others. The network targets enterprise use cases, offering low fees, privacy, and regulatory alignment.
Publish date
Apr 4, 2025 - 9:10am
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Codex raised $15.8M in seed funding, led by Dragonfly Capital
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While his partner Momo Ong worked at Meta before founding his own startup.
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Other big names that participated included market makers Cumberland and Wintermute, as well as the co-creators of USDC, Coinbase, and Circle.
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