Frax

About Frax

Frax is dedicated to building the world's most scalable stablecoin infrastructure for the next generation of finance, aiming to create an open financial system accessible globally with a focus on digital money that is open, stable, and borderless.

Products & Services

frxUSD Stablecoin:A secure, stable, and scalable digital dollar fully backed by institutional-grade tokenized U.S. Treasury funds, powered by industry leaders like BlackRock and Superstate.

Fraxtal Blockchain:A high-performance EVM Layer 1 blockchain designed for extreme scalability, minimal fees, and Ethereum-level security, targeting real-time blocks and 100k+ TPS.

Frax Network (FraxNet):A non-custodial platform for minting, redeeming, and earning 3.40% APY on frxUSD, featuring direct wallet integration and multi-asset support.

Specialties

Stablecoin Infrastructure Blockchain Scalability Decentralized Finance (DeFi) Tokenized Treasury Assets

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Investment T: - FT: Investment	A: 50000000 MR: - FA: $50 million FAN: 50000000	D: 2026-01-14 FD: 2026-01-14	1 investors

Investment Latest

2026-01-14

$50.0M

1 investor (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

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Mock Up

Team & Leadership

No team data available

Team information is not yet available for this company

Recent News

Frax Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised