Codex PBC is a Public Benefit Corporation developing Codex Chain, an Ethereum Layer 2 network designed for stablecoin-native payments, foreign exchange, and settlement. According to its documentation, Codex Chain aims to reduce friction between fiat and crypto by embedding programmable on-chain systems for ramping, compliance, identity, and FX. The network operates as an EVM-equivalent rollup on Ethereum, meaning that existing Ethereum contracts and developer tools can run on Codex without modification. In April 2025, Codex raised $15.8M in seed funding led by
Dragonfly.xyz, with participation from Coinbase Ventures, Circle Ventures, Wintermute Ventures, Selini Capital, and others.
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