Codex
Category: AI in Fintech
An enterprise-focused blockchain platform designed exclusively for stablecoins. Codex was founded in 2021. The company is led by Haonan Li. Based in San Francisco, CA, USA. Team size: 11-50. Total funding raised: $15.8 million. Latest round: Seed round. Key investors include Dragonfly Capital, Coinbase Ventures, Circle Ventures, Cumberland, Wintermute, Selini Capital.
- Founded
- 2021
- Headquarters
- San Francisco, CA, USA
- Team size
- 11-50
- Total funding
- $15.8 million
Value proposition
Provides a dedicated, reliable, and compliant blockchain infrastructure that minimizes UX friction and streamlines integration for enterprise stablecoin use cases
Products and solutions
Stablecoin-focused blockchain for enterprise applications
Unique value
Focuses solely on a blockchain built exclusively for stablecoins, addressing specific industry challenges such as UX complications, interoperability, and regulatory compliance
Target customer
Enterprises and institutional players within the stablecoin and broader cryptocurrency ecosystem
Industries served
Cryptocurrency, Blockchain, Fintech
Technology advantage
Tailored infrastructure offering deep liquidity integration, seamless user experience, and reliability that traditional multipurpose chains do not provide
How they differentiate
Unlike broader, multipurpose blockchains, Codex is engineered specifically for stablecoins, offering improved UX, liquidity, and a compliance-focused framework that caters directly to enterprise needs
Main competitors
Ethereum-based stablecoin platforms, Algorand, Stellar
Key partnerships
Dragonfly Capital, Coinbase Ventures, Circle Ventures, Cumberland, Wintermute, Selini Capital
Major milestones
Secured ~$15.8M in seed funding led by Dragonfly Capital Gained backing from prominent crypto venture investors
Growth metrics
Not publicly disclosed
Market positioning
Positioned as an enterprise-grade blockchain dedicated to overcoming the limitations of general-purpose chains in the stablecoin arena
Geographic focus
Global
Patents and IP
No patents currently filed
About Haonan Li
Haonan Li is the co-founder and CEO of Codex, a company focused on building a stablecoin-only blockchain. He graduated summa cum laude from the Wharton School and previously worked at Optimism, where he led token and airdrop designs, protocol economics, and RPG F. His experience combines a deep understanding of both traditional finance and the crypto space.
Official website: https://www.codexstable.com