Frax Finance
PrivateLast Round
Grant
Sep 20, 2023
Est. Valuation
$1B
Total Funding Raised
$2.42M
Company Overview
Frax Finance is a decentralized finance (DeFi) company that develops a protocol offering a suite of products including stablecoins, lending markets, and a modular Layer 2 blockchain.
Sector
Crypto & Web3
Verticals
Stablecoins, DeFi, Blockchain Infrastructure, Cross-Chain, Smart Contracts
Business Model
B2C
Customer Profile
Payment Processing Fee, Revenue Share
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Frax Finance Comparables
Compare Frax Finance with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| MakerDAO | 82% | |
| Ethena Labs | 81% | |
| usdx.money | 80% | |
Frax Finance Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Sep 20, 2023 | ||||
| VC Round | Feb 9, 2022 | ||||
| Strategic | Aug 9, 2021 | ||||
| Seed | Aug 18, 2020 |
Key People
Founding team and executive leadership
Frax Finance Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Multicoin Capital | Seed |
| Galaxy Digital | Seed |
| Tribe Capital | VC Round |
| Dragonfly Capital | Seed, VC Round |
| Robot Ventures | VC Round |
| Arbitrum DAO | Grant |
| Electric Capital | Seed, VC Round |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 30, 2025
Launched KRWQ, a regulatory-compliant Korean won stablecoin with IQ.
- Oct 30, 2025
Partnered with IQ to launch a regulatory-compliant Korean won stablecoin.
Frax Finance Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Frax Finance's valuation, stock price, and market status.