What is Codex PBC? For Universal Electronic Cash System

A universal electronic cash system is one dream that has remained elusive for over a decade. That’s where Codex PBC steps in. In this article we will learn about what Codex PBC is. Check the full review!

Codex PBC is a new player on the blockchain stage with a bold mission to revolutionize how businesses interact with stablecoins. 

Instead of simply tweaking old tools, this platform is rebuilding everything from the ground up, creating a purpose-built solution that businesses can actually use — securely, predictably, and at scale.

What is Codex PBC?

Codex PBC is a next-generation crypto infrastructure company aiming to build a universal electronic cash system designed specifically for businesses. 

The name “Codex” isn’t just branding — it reflects a methodical, layered approach to solving the real-world problems that have hindered stablecoin adoption.

Unlike many crypto platforms that repurpose speculative tools, Codex PBC is building its own blockchain network, APIs, and financial architecture optimized for stablecoin usage in the business world. 

The company believes that stablecoins — digital tokens pegged to fiat currencies like the US dollar — should be simple, reliable, and cost-effective to use, not a maze of fragmented tools and hidden fees.

Through this new infrastructure, Codex aims to become the backbone of a global financial system powered by programmable money.

Read also: What Will Happen When the STABLE Act Gets Implemented in the US?

How Does Codex PBC Work?

At the heart of the Codex ecosystem is the Codex Chain, a blockchain built on the OP Stack (the same technology behind Optimism) and hosted by Conduit, with Ethereum Mainnet as its layer-1 foundation.

Here’s how the Codex system functions:

Codex Chain: A custom-built Layer 2 blockchain optimized for stablecoin finance, with low gas fees, high transaction efficiency, and secure withdrawal processes.

Codex API: Enables businesses to automate stablecoin transactions across multiple use cases. It uses JWT-based authentication with short-lived tokens for enhanced security.

Codex FX: Provides global wholesale foreign exchange between stablecoins, reducing conversion costs and allowing smooth off-ramps to fiat.

User & Identity Management: Businesses can integrate multiple customer identities under one API setup, streamlining payment method and wallet access while ensuring compliance.

Ramp Providers: Codex integrates fiat-to-crypto (on-ramp) and crypto-to-fiat (off-ramp) providers, enabling seamless fund conversion with KYC/AML compliance.

Transaction Lifecycle: Codex offers full visibility into transaction states — from initiation to completion — for both on-ramp and off-ramp flows, ensuring traceability and reliability.

Stablecoins like USDC can be bridged directly from Ethereum using Stargate, while ETH can also be transferred to the Codex testnet within minutes.

Codex PBC Roadmap

Codex PBC is already operational in select markets and plans to expand aggressively in the coming months. Here’s a quick look at the roadmap:

Currently Supported:

• Quote-based off-ramp transactions in the Philippines
• Institutional-grade on-ramp services for large volumes
• Guaranteed exchange rates and reliable transactions

Coming Soon:

Codex is actively expanding into new global markets:

• Southeast Asia: Indonesia, Singapore
• Americas: US, Mexico, Colombia, Brazil, Chile, Argentina
• Europe & Middle East: UK, EU, UAE, Dubai
• Asia: Hong Kong

Future improvements include:

• Faster transaction speeds
• Additional payment methods
• Features like webhooks, idempotency, and authentication upgrades

Read also: How Will the GENIUS Act Change Stablecoin Regulation in the US?

Codex PBC Team

Codex PBC is led by an elite team of crypto veterans and business minds. The team behind the project includes experienced people who have worked at companies such as Meta, TikTok, Palantir, Optimism, and Coinbase:

• Haonan Li – Co-Founder & CEO
• Victor Yaw – Co-Founder
• Momo Ong – Co-Founder
• Austin Woon – Engineering
• Jason Li – Engineering
• Charlie Lin – Business operations
• Azfer Khan – Legal counsel

This cross-functional team is building Codex with a blend of deep blockchain expertise and real-world business practicality.

Codex PBC Investors

Codex PBC has earned the confidence of some of the most respected names in crypto and venture capital. Its backers include:

• Dragonfly Capital (Rob Hadick, Haseeb Qureshi)
• Circle Ventures
• Coinbase Ventures
• Wintermute
• Mirana
• Primitive Ventures
• Reverie
• Fabric Ventures
• CMT Digital
• Caladan
• Selini Capital
• Cumberland
• Joshua Lim, Sabrina Hahn, Sinan Koc, and more.

This strong investor backing reflects confidence in Codex’s vision to make stablecoins a mainstream business tool, not just a trading instrument.

Read also: Stablecoin Super Cycle Arrives: What Will Happen to the Dollar?

Codex Raises $15.8M to Accelerate Stablecoin Adoption for Businesses

In a major step forward, Codex recently raised $15.8 million in a seed round led by Dragonfly, with participation from Circle and Coinbase Ventures.

This funding will accelerate development and onboarding of businesses into the Codex platform. The goal is to simplify stablecoin adoption, especially for companies frustrated with existing fragmented solutions.

Codex is addressing core business concerns:

• No more wallet chaos
• No more unpredictable fees
• No more fragmented tools

Instead, Codex offers an all-in-one solution: a fast, secure, and programmable infrastructure for digital cash transactions.

Conclusion

What is Codex PBC? It’s the missing link between blockchain technology and real-world business needs. 

Rather than adapting speculative crypto tools for enterprise use, Codex PBC is building from scratch — a universal electronic cash system purpose-built for stability, transparency, and scale.

With an experienced team, a growing roadmap, and serious funding, Codex PBC is well-positioned to redefine stablecoin usage in business. 

Whether you're a company looking to automate cross-border transactions or a fintech startup exploring programmable money, Codex might just be the platform you've been waiting for.

FAQ

Q: What is Codex PBC?
A: Codex PBC is a crypto infrastructure company creating a universal electronic cash system tailored for business use, with a focus on stablecoin adoption.

Q: How does Codex PBC work?
A: It uses a Layer 2 blockchain (Codex Chain), API integrations, FX tools, and on/off-ramp providers to enable fast, secure, and programmable stablecoin transactions.

Q: What blockchain is Codex built on?
A: Codex Chain is built on the OP Stack and hosted by Conduit, with Ethereum Mainnet as the base layer.

Q: Who is behind Codex PBC?
A: Codex was co-founded by Haonan Li, Victor Yaw, and Momo Ong, and supported by a team from Meta, Coinbase, and TikTok.

Q: Who has invested in Codex?
A: Codex is backed by major investors like Dragonfly, Coinbase Ventures, Circle Ventures, and more.

Q: How can businesses start using Codex?
A: Companies can reach out to Codex for onboarding, where they will receive credentials, keys, and support to integrate stablecoin transactions via Codex’s API.