Frax Finance
PrivateLast Round
Grant
Sep 20, 2023
Est. Valuation
$1B
Total Funding Raised
$2.42M
Company Overview
Frax Finance operates in Crypto & Web3 and is based in Cayman Islands. Its latest recorded funding round was a Grant round in September 2023.
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
DeFi, Stablecoins, Blockchain Infrastructure, Staking Platforms, Smart Contracts
Business Model
B2C
Customer Profile
Payment Processing Fee, Revenue Share
AI Layer
Non-AI
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% |
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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 |
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Key People
Founding team and executive leadership
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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 |
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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.
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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.
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Frequently 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, so its shares have no public market price. Caplight tracks Frax Finance's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Frax Finance worth (valuation)?
Frax Finance's valuation is estimated at $1.0B based on funding round data.
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.
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 Tribe Capital, Dragonfly Capital, Electric Capital, 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 in Frax Finance's shares on secondary markets.