OAX
- Company typePrivate
- Founded2017
- HeadquartersWan Chai, Hong Kong SAR China
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
OAX firmographics
Firmographics- Name
- OAX
- Legal name
- OAX Foundation Limited
- Website
- https://oax.org
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
OAX industry classification
Industry- Product category
- Decentralized Exchange Protocol
- NAICS
- Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Decentralized Exchanges (DEX) & AMMs (FSAPADAB)
- akta.pro secondary industries
- Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing) (FSAPAAAH), Layer-2 (L2) / Rollup Sequencer & Validator Operations (FSADAKAB)
Keywords
Where OAX is headquartered
LocationHeadquarters
- HQ city
- Wan Chai
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices1 record
Markets served
OAX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- OAX Token as Transaction Fee Medium: The primary demand driver for the OAX token is its use as a transaction fee for all L2X protocol transactions. The token serves as the medium of exchange within the decentralized exchange ecosystem.
- Foundation Grants to Ecosystem Projects: OAX Foundation issues grants to external development teams (e.g., IJS Technologies for DeFi swap platform, GMAsia for EdTech platform) in exchange for deliverables that advance the OAX ecosystem. Not a direct revenue stream but a mechanism to grow the ecosystem.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels10 records
OAX product offering
Product offeringCore offering
OAX Foundation develops and open-sources the Layer 2 Exchange (L2X) Protocol, a trustless, non-custodial, non-collateralized protocol for decentralized digital asset trading with on-chain dispute resolution. The foundation also distributes supporting software including the DEX SDK, Polkadot parachain features, the consumer-facing Notifs digital asset tracking app, and the AI-powered GMAsia EdTech platform, all under an open-source and partnership-led model.
Product overview
OAX Foundation operates a portfolio of blockchain and AI-powered products centered on enabling decentralized digital asset trading for mainstream adoption. The core offering is the OAX DEX Platform, supported by the L2X Protocol (a Layer 2 Exchange solution released in August 2019) and the OAX DeFi Parachain Features for Polkadot. Adjacent products include the Notifs App (a digital asset and Bitcoin ETF tracking tool with AI features, now an independent company Notifs Ltd), GMAsia (an AI EdTech/Web3 platform launched in beta November 2025), and OAX Learn (an educational initiative launched March 2024). The ecosystem is supported by a Software Development Kit, open-source parachain features, and community research programs with academic institutions. OAX Foundation is a Hong Kong-based not-for-profit entity.
Differentiator
Problem solved
Functional benefit
Products and services
- L2X Protocol (Layer 2 Exchange) A Layer 2 Exchange protocol enabling fast, trustless, non-custodial, off-chain exchange of digital assets with on-chain dispute resolution. Built for Ethereum-based environments with implementations for Polkadot parachains and Binance Smart Chain (BEP-20 wrapped token). For exchanges, token issuers, and financial institutions seeking compliant decentralized trading infrastructure.
- OAX DEX Software Development Kit (SDK) A JavaScript SDK that allows community partners and developers to interact with the OAX DEX platform using a built-in command link interface. For developers, exchanges, and integrators building on the OAX platform.
- OAX DeFi Parachain Features Five features developed for Polkadot Network-based parachains: atomic swap, multi-transfer, fee delegation, burn, and PRC20 token support. Released open source under MIT license. For Polkadot parachain developers and DeFi integrators.
- Notifs App A comprehensive consumer application for tracking digital assets and Bitcoin spot ETFs, with multi-portfolio management, whale and institutional movement alerts (Notifs Gazer), AI-curated crypto news in multiple languages, and EVM wallet import. For retail and SMB digital asset investors.
- GMAsia An AI-powered EdTech platform and Web3 community events calendar connecting Web3 communities across Asia and beyond. For Web3 community members, students, and institutions seeking AI-delivered education and resources in the digital asset ecosystem.
- OAX BEP-20 Wrapped Token (Binance Smart Chain) Wrapped BEP-20 version of the OAX token on the Binance Smart Chain, enabling the OAX token to be used across BSC-based exchanges and DeFi applications. For exchange operators, DeFi users, and token holders seeking multi-chain reach.
Quantifiable outcome
- Over 1,000 transactions per second using only a single node server (December 2018)
- +2 more outcomes
Companies that use OAX
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
OAX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature6 records
OAX partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor and core.
- GMAsiaminorOAX Foundation supported the beta launch of GMAsia (GMAsia.ai), an AI-powered platform connecting Web3 communities across Asia and beyond, integrated with AI technology. GMAsia started as an events calendar and is set to launch an EdTech platform and AI resource hub. OAX supported GMAsia's education-focused initiative announced February 2026.
- Cyberport (Hong Kong)minorNotifs app, a project supported by OAX Foundation, was shortlisted for and subsequently accepted into the Cyberport Creative Micro Fund (CCMF) programme in Hong Kong. Cyberport is a Hong Kong government-supported technology hub and incubation program that supports fintech innovation.
- Notifs (Notifs Ltd)minorNotifs was launched by OAX Foundation in January 2023 as a comprehensive solution for tracking digital assets and Bitcoin spot ETFs. In August 2024, Notifs was incorporated as Notifs Ltd as a supported project while maintaining a close business relationship with the Foundation. Notifs was accepted into the Cyberport Creative Micro Fund (CCMF) programme in Hong Kong in December 2024.
- IJS TechnologiesminorOAX Foundation signed a MoU with IJS Technologies for the promotion and cooperation of DeFi adoption, community education, and technology advancement. A grant was given to IJS Technologies in December 2020 for their community-driven open-source DeFi swap platform. Joint AMA held in April 2021 to discuss grant deliverables and progress.
- Blockpass IDNcoreOAX Foundation and Blockpass announced an agreement to promote advanced compliance controls in the digital asset industry. Blockpass provides a RegTech platform offering shared regulatory and compliance services including KYC identity verification. The partnership aims to improve adoption of compliance standards needed for a secure and sustainable digital asset industry, particularly for securities token offerings (STOs).
- RefinitivcoreOAX Foundation partnered with Refinitiv (formerly the Financial & Risk business of Thomson Reuters), one of the largest financial technology providers in the world. Refinitiv is a leader in KYC and AML screening, serving over 40,000 institutions in over 190 countries. The partnership provides world-class compliance infrastructure for the OAX ecosystem.
- FinTech Association of Hong Kong (FTAHK)minorOAX Foundation actively participates in the FinTech Association of Hong Kong, with team members on various sub-committees (Talent and Diversity, Policy & Advocacy, RegTech, Crypto-Assets Valuation Working Group). The association advocates for Hong Kong's FinTech community and helps facilitate collaboration and education.
- KYC-ChaincoreOAX announced partnership with KYC-Chain to bring compliance controls to digital asset trading. KYC-Chain provides state-of-the-art compliance solutions enabling individuals to control their digital identity while allowing financial institutions to manage consumer data securely. Founded in 2014, KYC-Chain has processed over 500,000 KYC applications and partnered with Standard Chartered to build and test KYC concepts.
- Solidus LabscoreOAX Foundation partnered with Solidus Labs, a machine-learning powered market surveillance platform founded by former Goldman Sachs FinTech engineers. The partnership addresses market manipulation across the digital asset industry and promotes effective market oversight and governance. Solidus Labs' platform is deployed with exchanges, broker-dealers, hedge funds, and market makers in Europe, the US, and Israel.
- Enuma TechnologiescoreEnuma Technologies is OAX Foundation's primary development partner, responsible for building the trustless exchange platform and L2X protocol. Enuma worked with OAX to publish the L2X specification paper (June 2019) and released the open-source code (August 2019). Enuma is a Hong Kong-based blockchain technology company. Enuma received an Ethereum Foundation grant recognition. The partnership involved OAX team meeting with Vitalik Buterin at Enuma's Hong Kong offices.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
OAX competitors and assessment
Company assessmentDirect peers
- 0x (ZeroEx): 0x is a DEX infrastructure protocol that provides APIs and smart contracts enabling off-chain order relay with on-chain settlement for decentralized token trading. Directly comparable to OAX's L2X as both target exchange/DEX operators with white-label trading infrastructure and emphasize non-custodial execution.
- Loopring: Loopring is a Layer 2 scaling protocol for DEXs using zkRollups, enabling high-throughput non-custodial trading with on-chain settlement. Directly comparable to OAX's L2X as both are Layer 2 DEX protocols prioritizing throughput and non-custodial architecture, though Loopring uses zkRollups versus OAX's dispute-resolution design.
- Kyber Network: Kyber Network is a multi-chain DEX liquidity protocol enabling token swaps across Ethereum, Polygon, and other chains. Comparable to OAX as both provide decentralized trading infrastructure with multi-chain ambitions, focus on liquidity aggregation, and target exchange/DeFi integrations.
Broad incumbents
- Uniswap: Uniswap is the dominant Ethereum-based AMM DEX with multi-chain deployments and the largest DEX by volume. Comparable to OAX as the incumbent OAX's L2X competes against for DEX liquidity, though Uniswap's AMM model differs architecturally from OAX's order-book L2X design.
- dYdX: dYdX is a leading Layer 2-based decentralized derivatives exchange with high throughput and non-custodial architecture. Comparable to OAX as both pursue high-performance L2 trading with non-custodial settlement, though dYdX focuses on perpetuals while OAX targets spot digital asset trading.
- Refinitiv (LSEG): Refinitiv (now part of LSEG) is a global financial data and compliance infrastructure provider serving 40,000+ institutions. Listed as OAX's KYC/AML infrastructure partner; broader incumbent serving TradFi compliance that overlaps with OAX's target institutional digital asset customer base.
Others
- Solidus Labs: Solidus Labs is a market integrity and surveillance platform purpose-built for digital assets, serving exchanges and broker-dealers. Directly listed as an OAX compliance partner; adjacent rather than competing, but operates in the same digital asset compliance and surveillance ecosystem OAX targets.
- Blockpass: Blockpass is a RegTech platform offering shared KYC and digital identity services for the digital asset industry. Directly listed as an OAX partnership for compliance; while not a competitor, Blockpass targets the same compliance-aware digital asset platforms that OAX's L2X seeks to serve.
Emerging players
- Acala Network: Acala is a Polkadot parachain providing DeFi infrastructure including a decentralized exchange and stablecoin (aUSD). Comparable to OAX as a Polkadot-ecosystem DeFi/DEX builder, making them relevant peers given OAX's strategic initiative to build on Polkadot and its open-source parachain features.
Regional players
- Binance Smart Chain Ecosystem: BNB Chain (formerly Binance Smart Chain) hosts a large DEX ecosystem including PancakeSwap. Comparable to OAX as one of the three core chains OAX targets via BEP-20 wrapped token, making BNB Chain DEX activity a relevant market OAX competes for with cross-chain positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks1 record
Key highlights6 records
Customer concentration
OAX social profiles
Digital presenceOAX financial estimates
Financial estimateRevenue estimate
Valuation estimate
OAX leadership team
Management profileNumber of profiles
Profiles12 records
OAX subsidiaries and ownership
Company hierarchySubsidiaries1 record
OAX funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OAX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OAX
What does OAX do?
OAX Foundation develops and open-sources the Layer 2 Exchange (L2X) Protocol, a trustless, non-custodial, non-collateralized protocol for decentralized digital asset trading with on-chain dispute resolution. The foundation also distributes supporting software including the DEX SDK, Polkadot parachain features, the consumer-facing Notifs digital asset tracking app, and the AI-powered GMAsia EdTech platform, all under an open-source and partnership-led model.
Is OAX a public or private company?
OAX is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was OAX founded?
OAX was founded in 2017. It employs 11 to 50 people.
Where is OAX based?
OAX is headquartered in Wan Chai, Hong Kong SAR China, in the Asia region.
How does OAX make money?
Two revenue lines are on record. OAX Token as Transaction Fee Medium is the primary driver. The others are foundation Grants to Ecosystem Projects.
Who are OAX's main competitors?
Direct peers on record are 0x (ZeroEx), Loopring and Kyber Network. Broad incumbents are Uniswap, dYdX and Refinitiv (LSEG). Others are Solidus Labs and Blockpass. Acala Network is listed as an emerging player. Binance Smart Chain Ecosystem is listed as a regional player.
Does OAX have an API?
No public API is recorded for OAX.
What industry is OAX in?
OAX's product category is Decentralized Exchange Protocol. Its primary akta.pro industry code is FSAPADAB, Decentralized Exchanges (DEX) & AMMs, with a secondary code of FSAPAAAH, Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing). Its NAICS code is 52321 and its SIC code is 6200.