About us
Codex is a multi-currency settlement network powered by stablecoins. Our mission is to fulfill the oldest and most ambitious dream in crypto: a universal electronic cash system.
Something strange is happening
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Stablecoins have surged 40x in just 5 years, from ~$4B in 2019 to ~$170B today, and their volumes now move independently of crypto market cycles—driven by real-world use cases!
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One key reason why folks are using stablecoins is because they enable instant cross-border transactions.
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Businesses in Southeast Asia often face low gross margins, high working capital demands, and frequent cross-border transactions—where getting paid faster, delaying vendor payments, and speeding up internal transfers can mean the difference between survival and failure.
Stablecoins still suck today
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$170B looks super big but is actually super small on a % basis. Offshore US dollar bank deposits alone are ~$13T. Stablecoins have penetrated only ~1% of the market so far.
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And that makes sense, because stablecoin UX really sucks today. Businesses have to jerry-rig together a set of products originally designed for a totally different purpose — gambling on crypto.
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Despite this friction, there are already billions of monthly flows in South East Asia alone.
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Codex is laser-focused on eliminating the key challenges businesses face, paving the way for stablecoins to become a game-changer across industries.
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As stablecoins gain traction, businesses will unlock powerful advantages—like real-time, flawless accounting and access to cheaper FX and loans previously out of reach.
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The market is responding: we anticipate billions in new flows within the next 6 months, and our biggest constraint is engineering capacity.
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OUR TEAM
Co-founder and CEO
Co-founder
Managing Director, Blue Cloud Ventures, stablecoin pilled since tinkering with Malaysian ringgit stablecoin launch last year.
LEGAL CoUNSEL
Cambridge Law ‘17 starred first, Harvard Law ‘18, awarded SPFOS by Singapore’ Public Service Commission, Policy at TikTok.
LIFE AT CODEX
We are deliberate about how we work. We are obsessed about keeping the team small and high quality.
We work hard: This is our life’s work. This is a generational opportunity and we feel lucky to be the right team at the right place during the right time. We will do our best to seize the moment.
In person: we have 3 offices, and work in person in each of our hubs: NYC, London or Singapore.
Meetups: every quarter we gather somewhere beautiful for a retreat.
Open Roles
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