Codex Labs

What Codex Labs does

Codex Labs, LLC operates the CoDEX Financial Network, a high-performance Layer-1 EVM blockchain purpose-built for institutional finance. Incorporated in 2021 and headquartered in San Juan, Puerto Rico, the company positions CoDEX as a bridge between CeFi and DeFi via three core technical components: the CoDEX blockchain itself (using Nominated Proof of Stake consensus and claiming 100x faster and 1,000x cheaper performance than Ethereum), CoCOIN asset-backed tokens (stablecoins like CoUSD and wrapped crypto like CoBTC created when assets are deposited on-chain), and the Liquidity Oracle, which routes liquidity across CeFi-DeFi boundaries through an integration with Integral's interbank network connecting 26 crypto exchanges and 225 banks.

Codex targets banks, brokers, family offices, institutional traders, decentralized exchanges, central banks, NGOs, and the unbanked, with a go-to-market focused on direct enterprise sales and embedded distribution through strategic partners. The company's most significant commercial deployment is its role as foundational infrastructure behind PrimeOne, Integral's stablecoin-based crypto prime brokerage launched September 2025, which delivers credit, trading, and net settlement in a single integrated service. Revenue is generated via transaction fees on the CoDEX network, though no pricing tiers or revenue figures are publicly disclosed.

The business model relies on capturing value from institutional DeFi and prime brokerage activity routed through CoDEX rails, rather than consumer-facing token sales. The company is privately held with 11-50 employees, no disclosed external funding rounds, and U.S. patent pending applications covering its core blockchain technology. Operational status is active and expanding, with the company publicly stating intent to grow its partner ecosystem across trading, custody, and DeFi infrastructure.

Name

Codex Labs

Legal name

Codex Labs, LLC

Website

https://codexlabs.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Codex Labs, LLC operates CoDEX, a Layer-1 EVM blockchain purpose-built for institutional finance, integrating CeFi and DeFi via its Liquidity Oracle and CoCOIN asset-backed tokens, and serves as foundational infrastructure for Integral's PrimeOne stablecoin-based crypto prime brokerage.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Asset-Backed Securities (6189)

akta.pro primary industry

Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE)

akta.pro secondary industries

Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK), Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF)

Keywords

• Blockchain infrastructure
• Institutional DeFi
• Stablecoin issuance
• Cross-border payments
• Prime brokerage

Headquarters

HQ city

San Juan

HQ country

Puerto Rico

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction/Fee Revenue: Revenue generated from transaction processing on the CoDEX network. The platform enables DEX transactions, stablecoin transfers, and cross-border payments with institutional-grade throughput.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Codex Labs operates the CoDEX Financial Network, a high-performance Layer-1 EVM blockchain purpose-built for institutional finance that is positioned as 100x faster and 1,000x cheaper than Ethereum. The platform bridges Layer-1 blockchains and non-custodial DeFi assets, CeFi liquidity pools and custodians, and traditional banks and payment platforms through CoCOIN asset-backed tokens and a Liquidity Oracle connected to Integral's interbank network spanning 26 crypto exchanges and 225 banks. It enables stablecoin-based credit, trading, and net settlement services for institutional customers.

Product overview

Codex Labs offers CoDEX, an institutional-grade Layer-1 EVM blockchain designed for financial markets, operating as a 100x faster and 1,000x cheaper alternative to Ethereum. The platform bridges all Layer-1 blockchains and non-custodial assets in DeFi, all liquidity pools and custodians in CeFi, and all banks and payment platforms. Core components include CoCOIN stablecoins/wrapped assets and the Liquidity Oracle. The platform is integrated with Integral's interbank money network and powers PrimeOne, the world's first stablecoin-based crypto prime broker.

Differentiator

Problem solved

Functional benefit

Products and services

• CoDEX Financial Network CoDEX is a high-performance, institutional-grade Layer-1 EVM blockchain purpose-built for financial markets, designed to be 100x faster and 1,000x cheaper than Ethereum. It bridges Layer-1 blockchains and non-custodial DeFi assets, CeFi liquidity pools and custodians, and traditional banks and payment platforms, and is targeted at financial institutions, DEXs, traders, central banks, and NGOs.
• CoCOIN Asset-Backed Tokens Asset-backed tokens created on CoDEX when assets are deposited or locked, available as stablecoins (e.g., CoUSD) or wrapped crypto (e.g., CoBTC). CoCOINs are highly liquid versions of major fiat and crypto assets, swappable with each other in a decentralized way at CeFi-level prices.
• Liquidity Oracle A core protocol mechanism at the heart of CoDEX that enables safe and seamless movement of liquidity and assets across the CeFi-DeFi boundary, leveraging the Integral integration to connect directly with 26 crypto exchanges, 225 banks, and the largest financial networks in the fiat world.
• PrimeOne (Codex-powered prime brokerage infrastructure) The world's first stablecoin-based prime brokerage service for cryptocurrency markets, built entirely on the Codex protocol, delivering credit, trading, and net settlement in a single integrated service. Enables stablecoin-based credit and margin movement with real-time on-chain settlement, unified market access via one account/wallet/KYC, and on-chain settlement with asset control eliminating bilateral credit risk. Launched by Integral on Codex infrastructure and live with leading global market makers.

Quantifiable outcome

• 100x faster and 1000x cheaper than Ethereum
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• IntegralcoreStrategic or Co-development Partner · 30 September 2025Codex serves as foundational infrastructure behind PrimeOne, the world's first stablecoin-based prime broker for cryptocurrency markets. Integral is a global leader in FX and digital asset technology with connections to hundreds of financial institutions. PrimeOne leverages Codex's ultra-low-latency architecture and trustless settlement capabilities. PrimeOne is already live with customers and liquidity providers including leading global market makers.

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Paxos: Paxos issues regulated stablecoins (USDP, PYUSD for PayPal) and operates institutional crypto infrastructure including settlement and tokenization services. Directly comparable to Codex's CoCOIN stablecoin issuance model and its positioning as a regulated bridge between CeFi and DeFi.
• Avalanche: Avalanche is a high-performance Layer-1 EVM-compatible blockchain that has explicitly targeted institutional finance and tokenized real-world assets via its Avalanche9000 and Evergreen subnets. Comparable to Codex's pitch of a 100x faster EVM L1 with institutional-grade settlement primitives.
• Circle: Circle issues USDC, the dominant regulated dollar stablecoin, and is launching its own Arc L1 blockchain targeting institutional settlement and FX. Directly comparable to Codex's asset-backed CoCOIN (CoUSD) issuance and institutional settlement infrastructure.
• Polygon Labs: Polygon offers EVM-compatible scaling and a standalone Polygon PoS chain used by banks, fintechs, and payment processors (e.g., Visa, Stripe pilots). Comparable to Codex's positioning as an EVM chain with low fees and institutional payment integrations.
• Ondo Finance: Ondo issues tokenized U.S. Treasuries and yield-bearing products (USDY, OUSG) and is building its own permissioned L1 (Ondo Chain). Comparable to Codex's asset-backed token (CoCOIN) model and its institutional tokenized-finance narrative.
• Solana Labs: Solana is a high-throughput Layer-1 blockchain competing on speed and low fees for DeFi and payments, with growing institutional adoption. Comparable to Codex's "100x faster than Ethereum" performance pitch and its ambitions for institutional DeFi throughput.
• Sky (formerly MakerDAO): Sky/MakerDAO issues the DAI/USDS decentralized stablecoin and is expanding into tokenized real-world assets (RWA). Comparable to Codex's CoUSD asset-backed stablecoin and its RWA-adjacent institutional finance narrative.

Broad incumbents

• Ripple (XRP Ledger): Ripple operates the XRP Ledger and RippleNet for cross-border payments and on-demand liquidity, serving hundreds of banks and payment providers. A broader incumbent in institutional cross-border settlement that overlaps with Codex's bank and payments integration thesis.
• Fireblocks: Fireblocks provides institutional custody, settlement, and tokenization infrastructure used by banks, brokers, and prime brokers. Comparable as institutional-grade crypto infrastructure adjacent to Codex's prime-brokerage and settlement positioning.

Emerging players

• Stellar Development Foundation: Stellar is a Layer-1 blockchain purpose-built for cross-border payments and tokenized assets, partnering with MoneyGram and several CBDC pilots. Comparable to Codex's CBDC-ready positioning and bank-integration story, though with a narrower institutional footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CoDEXForAll
• LinkedInlinkedin.com/company/codexforall

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Codex Labs