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Ubyx Inc. raises $10M in seed funding to build a global stablecoin network, led by Galaxy Ventures and Peter Thiel’s Founders Fund.

Jun 17, 202530 days ago

Amount Raised

$10 Million

Round Type

seed

New YorkFintechFinance

Investors

Van EckPaxosCoinbase VenturesFounders FundGalaxy Ventures

Description

Ubyx Inc. has secured $10 million in seed funding to develop a global clearing system for stablecoins. The funding round was led by Galaxy Ventures with notable participation from Peter Thiel’s Founders Fund, Coinbase Ventures, and others. The startup aims to create a unified network for stablecoin acceptance

Company Information

Company

Ubyx

Location

New York, New York, United States

About

Ubyx is a clearing system that solves the many-to-many problem between stablecoin issuers and accepting institutions. As a result, stablecoins become cash equivalents and display singleness of money. Then stablecoins scale to ubiquity.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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