United States · Information technology & services startup

DFX Finance

DFX Finance is a decentralized foreign exchange protocol built on the Ethereum blockchain, focused on trading and managing fiat-backed stablecoins.

Funding reportedLast round: Seed

Information technology & servicesNew York, United States

About DFX Finance

DFX Finance is a decentralized foreign exchange protocol built on the Ethereum blockchain, focused on trading and managing fiat-backed stablecoins.

It addresses the need for a diverse range of stablecoin options beyond USD, promoting financial inclusion and localization across different currencies and regions. The platform operates as a decentralized exchange (DEX) and features an Automated Market Maker (AMM) that allows users to swap multiple fiat-backed stablecoins on the Ethereum and Polygon networks. DFX Finance also offers liquidity mining opportunities for users who contribute to stablecoin pools, enabling them to earn returns while facilitating market swaps. Additionally, DFX token holders can participate in the governance of the protocol, ensuring a decentralized decision-making process. Supported stablecoins include USDC, CADC, EURS, XSGD, and EUROC, among others. DFX Finance targets DeFi users and investors looking to trade foreign stablecoins, as well as liquidity providers interested in yield farming opportunities.

What company datasets say DFX Finance raised

Funding, as reported

Reported in all$5.0Min dollars
Rounds1
Last roundSeed
Last round size$5.0M
Last round dateFeb 2021
Investors listed11

On a portfolio page

Investors who name them

Each firm lists DFX Finance on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

chainlink oraclesdecentralized fx tradingsmart contractssmart contract auditscommunity-driven protocolprotocol governance processethereum defifiat-backed stablecoins tradinginformation technology & servicescross-border paymentsliquidity bootstrappingblockchain technologyfinancial servicesfinanceethereum-basedbonding curve

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Sector
Information technology & services
Industry code
NAICS 5231, SIC 6211
Region
New York
Revenue
$950K a year, as listed
Full record
Every detail in the company directory

Information technology & services in United States

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