IMMIX raises $3.5m for stablecoin foreign exchange infrastructure
Crane Venture Partners, BTSE and Portfolio Ventures back its pricing and liquidity platform.
IMMIX has announced $3.5 million in funding from Crane Venture Partners, BTSE and Portfolio Ventures.
The London company will use the capital to develop its pricing engine, expand available liquidity and grow its partner distribution network.
IMMIX helps payment firms, stablecoin issuers and venues convert between currency-denominated stablecoins. Its approach combines AI-powered pricing with direct liquidity to reduce the number of steps involved in conversions beyond the US dollar.
The company is expanding connections with payment service providers and other partners through requests for quotes, streaming API prices and trading venues.
Use of funds
Develop AI pricing engine
Expand stablecoin FX liquidity
Grow partner distribution network