Frax Finance

Grand Cayman, Cayman Islands · Founded 2019 · CEO: Sam Kazemian · Private

Frax Finance is a leading DeFi protocol specializing in stablecoins, including frxUSD, a stablecoin fully backed by assets held at institutions like BlackRock.

Products

frxUSD active $127M

frxUSD

Fiat Backed

frxUSD is a fully collateralized stablecoin by Frax Finance, backed by tokenized U.S. Treasury securities and other real-world assets.

Overview

Frax Finance is a decentralized finance protocol that focuses on creating stablecoins. Founded in 2019, it is headquartered in Grand Cayman, Cayman Islands, and led by CEO Sam Kazemian.

Regulatory Status

Specific regulatory licenses held by Frax Finance are not publicly disclosed.

Key Products

Frax Finance offers several stablecoin products, including frxUSD, frxETH, FPI, and KRWQ.