Codex FX offers a wholesale foreign‑exchange platform that uses stablecoin‑backed settlement to provide near‑instant, 24/7/365 conversion between fiat and stablecoins. The service delivers real‑time quotes, transparent upfront fees, tight spreads and sub‑30‑minute settlement across G7, emerging and frontier market currencies, enabling businesses to move money quickly and cost‑effectively.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses that need cross‑border payments in emerging and frontier markets face slow, costly FX settlement that can take 2–5 business days, limited availability outside banking hours, opaque pricing, and insufficient liquidity for many currency corridors.
Solution
Codex FX provides a wholesale FX platform that uses stablecoin‑backed settlement to deliver near‑instant conversion between fiat and stablecoins. Real‑time quotes with transparent, upfront fees and tight spreads give users clear cost visibility. Most trades settle in under 30 minutes and the service operates 24/7/365, eliminating weekend and holiday delays. The platform offers deep institutional liquidity across both G7 and hard‑to‑reach emerging market currencies, enabling “anything‑to‑anything” conversion paths (fiat↔stablecoin and stablecoin↔stablecoin). Fast KYB onboarding lets companies integrate the service quickly into existing payment flows.
Target Audience
Primary customers are payment service providers, fintech platforms, neobanks, crypto on/off‑ramps, remittance firms, invoice‑payment solutions, commodities traders, and e‑commerce businesses that require fast, cost‑effective FX in emerging market corridors.
Features
- Institutional‑grade liquidity with tight spreads and real‑time pricing for fiat‑stablecoin and stablecoin‑stablecoin pairs
- Stablecoin‑powered settlement that achieves sub‑30‑minute finality versus multi‑day legacy settlement
- 24/7/365 availability, including weekends and holidays, with API‑driven execution
- Broad currency coverage spanning G7, emerging, and frontier market currencies (e.g., MXN, BRL, INR, VND, etc.)
- Transparent fee structure with upfront rate display and no hidden markups
- Rapid KYB onboarding process completing in days rather than months
- API integration that plugs into PSPs, fintechs, neobanks, ramps, remittance, invoice‑payment, commodities, and e‑commerce platforms