Frax Finance
Infrastructure for stablecoins and onchain finance
Grand Cayman, Cayman Islands · Founded 2019
- Headquarters
- Grand Cayman
- Founded
- 2019
- Business Model
- B2B
- Website
- frax.com
- Last Round
- Venture RoundJul 2021
- Rounds
- 1
About
Frax Finance is a decentralized finance protocol that builds institutional-grade stablecoin infrastructure for onchain and open financial systems. Founded by Sam Kazemian in 2019, Frax pioneered the fractional-algorithmic stablecoin model — combining collateralized and algorithmic mechanisms to maintain price stability without full fiat backing. The protocol issues frxUSD, a GENIUS-compliant decentralized stablecoin, and operates Frax Net as a central clearing layer for stablecoin settlement. Frax Finance serves DeFi protocols, institutional liquidity providers, and developers building on open financial rails, offering composable stablecoin infrastructure that integrates with Ethereum and EVM-compatible chains.
Summary
Frax Finance is a Crypto & Web3 company based in Grand Cayman, Cayman Islands, founded in 2019. Its most recent funding was a Venture Round round in Jul 2021. Investors include Dragonfly Capital, Electric Capital and Robot Ventures.
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Funding History
Jul 2021
Investors
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