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PEXX
PEXX offers a borderless banking platform powered by stablecoins, providing users with a full-access USD account. The service enables global spending via a PEXX card, earning interest on USD balances, and transferring money from stablecoins to local currencies in over 50 countries. The company operates from Hong Kong and focuses on providing 'Money Without Borders' while complying with financial regulations.
Hong Kong, HK
Description
PEXX, founded in 2024, is a financial technology company providing a global, borderless banking solution. Incorporated in Hong Kong and also operating as PEXX Technology Pty Ltd in Australia, the company leverages stablecoins backed by real USD and tokenized U.S. Treasury Bills. It offers users a full-access USD account that can be opened in minutes, allowing them to earn up to 3.5% APY on their balances. Key services include sending USD to bank accounts in over 50 countries, a virtual and physical PEXX Card compatible with Apple and Google Pay for global spending without foreign transaction fees, and services for converting fiat to crypto (on-ramp) and crypto to fiat (off-ramp). PEXX emphasizes compliance with AML and data protection laws in its operating jurisdictions.Grant Funding
VC Funding
None
2024
$0
$4.5M