# DFX Finance: Information technology & services, New York, United States

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

Source: https://millionrounds.com/startup/dfx-finance (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# DFX Finance

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

Funding reported Last round: Seed

Information technology & services New York, United States

Company summary

- **Founded:** 2020 6 years old
- **Team:** 2 1 to 10 people
- **Funding reported:** $5.0M in dollars
- **Last round:** Seed Feb 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for DFX Finance has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$5.0M** in dollars

Rounds **1**

Last round **Seed**

Last round size **$5.0M**

Last round date **Feb 2021**

Investors listed **11**

## On a portfolio page

Investors who name them

- [FBG Capital](https://millionrounds.com/fund/fbg-capital)

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 oracles decentralized fx trading smart contracts smart contract audits community-driven protocol protocol governance process ethereum defi fiat-backed stablecoins trading information technology & services cross-border payments liquidity bootstrapping blockchain technology financial services finance ethereum-based bonding curve

Built with from their website

Google Workspace CloudFlare Hubspot CloudFlare CDN Vercel Cloudflare DNS Mailchimp Mandrill Remote Webflow Android

+2 more

Snowflake Gmail

- **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](https://millionrounds.com/directory/dfx-finance)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

Add your raise, your deck and your story, and put DFX Finance in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)