Frax Finance
PrivateLast Round
Grant
Sep 20, 2023
Est. Valuation
$1B
Total Funding Raised
$2.42M
Company Overview
Frax Finance is a decentralized finance (DeFi) company that develops a protocol offering a suite of products including stablecoins, lending markets, and a modular Layer 2 blockchain.
Sector
Crypto & Web3
Verticals
Stablecoins, DeFi, Blockchain Infrastructure, Cross-Chain, Smart Contracts
Business Model
B2C
Customer Profile
Revenue Share, Payment Processing Fee
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Frax Finance Comparables
Compare Frax Finance with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| MakerDAO | 82% | |
| Ethena Labs | 81% | |
| usdx.money | 80% |
Frax Finance Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Sep 20, 2023 | ||||
| VC Round | Feb 9, 2022 | ||||
| Strategic | Aug 9, 2021 | ||||
| Seed | Aug 18, 2020 |
Key People
Founding team and executive leadership
Frax Finance Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Multicoin Capital | Seed |
| Galaxy Digital | Seed |
| Tribe Capital | VC Round |
| Dragonfly Capital | Seed, VC Round |
| Robot Ventures | VC Round |
| Arbitrum DAO | Grant |
| Electric Capital | Seed, VC Round |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 30, 2025
Launched KRWQ, a regulatory-compliant Korean won stablecoin with IQ.
- Oct 30, 2025
Partnered with IQ to launch a regulatory-compliant Korean won stablecoin.
Recent news
Latest coverage and updates
- launchesSep 23, 2026
Frax launches sfrxETH on Robinhood Chain.
- partners_withJul 4, 2026
Frax Finance partnered with Curve Finance on Jul 3rd '26.
Frax Finance Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Frax Finance's valuation, stock price, and market status.
Is Frax Finance a public or private company?
Frax Finance is a private company.
What is the current stock price of Frax Finance?
Frax Finance is a private company with no public stock price. No recent secondary market data is available.
How much is Frax Finance worth (valuation)?
Valuation information for Frax Finance is not publicly available.
Can I buy Frax Finance stock?
Frax Finance shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was Frax Finance's last funding round?
Frax Finance's most recent funding round was Grant on September 20, 2023.
Who are the main investors in Frax Finance?
Key investors in Frax Finance include Crypto.com Capital.
Will Frax Finance IPO soon?
No public IPO plans have been announced for Frax Finance.
How can I track Frax Finance secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Frax Finance's secondary market activity and sign up for updates.