Exclusive: Codex raises $16 million to build a blockchain just for stablecoins
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Exclusive: Codex raises $16 million to build a blockchain just for stablecoins
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Codex raised $15.8M in seed funding led by Dragonfly Capital to build a stablecoin-focused Layer 2 blockchain on Optimism. Co-founder Haonan Li, a former Optimism developer, argues general-purpose chains can't meet enterprise needs. Codex aims for stable fees, privacy and direct offramps to fiat.
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Apr 4, 2025 - 7:00am
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Codex raised $15.8M in seed funding, led by Dragonfly Capital
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That’s why Li thinks his layer-two stablecoin chain, built on top of Optimism, will be competitive.
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and Momo Ong, who graduated from Princeton University, worked as a product manager at Meta, and founded his own startup prior to Codex.
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