Haonan

$1.2B in monthly volume.

A new record that's driven by Codex Par, our most recent product (1:1 swaps between USDT and USDC, with Codex handling the liquidity and fees billed to you separately).

Our "Dollar Machine" thesis has kept proving out: we're the fastest, most accessible way to move between US dollars, local currencies, and dollar stablecoins, anywhere in the world.

Now with Par live, we're also the most seamless way to move between the two biggest dollar stablecoins onchain.

More coming to expand what Codex FX can do as we build toward a complete onchain FX platform for global money flows.

Stay tuned!

our business has 10x’d over the past 12 months, we are now doing nearly $2b in monthly flows

why is this? what is happening?

a sneak peak behind the scenes at codex fx’s recent offsite

silicon valley inherited this fetish for quantitative ability from the french and the soviets

the soviets to discourage the population from political understanding. focus on chess or primes, leave the politics to us

the french because math seemed more meritocratic than an aristocratic mastery of history or the classics

pretty weird really

THE TRUE FRONTIER

robotics, ai films, ai factories.. these are incremental ideas, the drawing of a trend line to its obvious conclusion

ideas on the ragged edge of the frontier always have the stink of stigma on them

the true frontier will be stranger, weirder, more frightening

The cowboy days of crypto are over.

In their place, the kind of transformation the financial system only goes through every few generations.

Money, payments, and financial assets are moving onto entirely new rails. The technology that once operated on the fringes of finance is becoming the foundation for what comes next.

It's ironic that a movement that began with anarchists in basements has ended up with licensed professionals in skyscrapers, building infrastructure that has to meet the standards of the system it set out to challenge.

But that’s what growing up looks like: turning new technology into something businesses can rely on.

Codex is now registered with the Bank of Canada under the RPAA and with FINTRAC as an MSB. This is another step toward expanding our third-party payment services in Canada, helping businesses move between fiat and stablecoins across borders.

The next phase will be won by the teams that can reliably, consistently, and safely deliver useful services to customers.