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PEXX, a pioneering fintech startup specializing in cryptocurrency and blockchain technology, has successfully closed a $4.5 million seed funding round. This substantial investment will drive the development of the company’s groundbreaking stablecoin-to-fiat payment platform, poised to transform the way currencies are transferred across borders.

The funding round was led by TNB Aura, with participation from global early-stage venture capital firm Antler, along with strategic investment from EMO Capital. EMO Capital is known for its early backing of Filecoin and other notable ventures, reflecting strong investor confidence in PEXX’s vision and potential.

PEXX’s innovative payment platform allows users holding stablecoins such as Tether (USDT) and Circle (USDC) to transfer their assets directly to bank accounts worldwide. This platform will enable individuals and businesses to transfer value across borders seamlessly, without the need for intermediaries or traditional bank accounts.

“We’re thrilled to have secured this significant funding, which will enable us to further develop our stablecoin-to-fiat payment platform,” said Marcus Lim, CEO and founder of PEXX. He added, “The growth for stablecoins is exponential, and we expect to see increased demand from users who want to convert their USDT and USDC directly to bank accounts. As stablecoins become more ubiquitous over the coming years, this demand will continue to rise.”

This investment marks a significant milestone for PEXX as it continues to innovate in the fintech space, offering solutions that simplify and streamline international transactions for a global audience.

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