Stablecoin payment infrastructure Coinbax has raised $4.2 million in seed funding, led by BankTech Ventures.

Odaily Planet Daily reports that Coinbax, a stablecoin payment infrastructure built on Base and Solana, has announced the completion of a $4.2 million seed funding round. The round was led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures, and others. The new funding will support its development of custody, policy enforcement, and programmable settlement capabilities for digital assets, as well as integrations with custody and wallet infrastructure providers. (Globenewswire)