Blockchains add little value in isolation. Without connectivity to the financial system, they are walled gardens, capable of moving tokens at high speeds, but disconnected from the dollars, euros, and pesos that businesses and consumers actually use every day.
At Codex, we set out to change that. Our goal is ambitious: to blur the lines between traditional and onchain finance. We are building a blockchain that eliminates fiat <-> crypto friction with fiat-compatible primitives through native onramp and offramp transactions, compliance and identity mechanisms, native FX, and finality guarantees.
However, stablecoins will only reach their full potential when they can move seamlessly between fiat accounts and blockchains. That’s why we also built Codex Avenue, a global liquidity and FX hub that enables on/offramps and stablecoin swaps across multiple chains and geographies, making it simple to move in and out of fiat and between stablecoins and networks.
Together, Codex Chain and Codex Avenue form a purpose-built ecosystem designed to connect stablecoins with the real economy.
Our strategy is not just theory, it’s working:
- In August, just two months after launch, Codex blockchain crossed $3 billion in annualized transaction volume.
- We now expect that number to quadruple in September, surpassing $12 billion in annualized volume, with no signs of slowing down.
This growth is driven by real adoption, with Codex Chain and Codex Avenue already powering remittance flows, supporting liquidity management on exchanges, and providing seamless onramps into USDC via local currencies. We are onboarding top-tier clients and preparing to announce new partnerships that will further extend our global reach.
As we’ve written before, Ethereum will be the place where stablecoins sit, and Codex will be the place where they move. Codex is Ethereum’s stablecoin chain, the execution layer for payments, FX, and settlement, while Avenue ensures that stablecoins are connected to banks, merchants, and enterprises across the world.
The lines between fiat and crypto are already starting to blur. With every new client onboarded, every billion in volume processed, and every new jurisdiction connected, this vision gets closer to reality.
We’re moving at breakneck speed to deliver on our mission. And we have only just begun.