<aside>

10-01-2024: Our monthly flows waitlist has doubled from $175m to $350m.

</aside>

<aside>

10-14-2024: We raised a $11m seed round led by a Tier 1 VC.

</aside>

Codex is a multi-currency settlement network powered by stablecoins. Our team is early Optimism, ex-Meta, second-time founders.

Most recently folks have joined us from Conduit, TikTok and Palantir.

Our mission is to fulfill the oldest and most ambitious dream in crypto: a universal electronic cash system.

I. SOMETHING STRANGE IS HAPPENING WITH STABLECOINS

• Stablecoins are growing rapidly. In 2019 there was ~$4B outstanding. There’s ~$170B today. That’s 40x in 5 years.
• Stablecoin volumes don’t correlate with crypto market cycles anymore. These are flows with real use cases!

• One key reason why folks are using stablecoins is because they enable instant cross-border transactions.
• Many businesses in Southeast Asia have low gross margins, high working capital needs and transact often across countries.
• For these businesses, getting paid by clients faster, paying vendors later, moving money faster between entities, can be the difference between life or death.