What AnchorX does

AnchorX is a privately held fintech company founded in 2024 that issues AxCNH, a regulated stablecoin pegged 1:1 to offshore Chinese Yuan (CNH) and built on the Conflux blockchain. The company is headquartered as AnchorX_Ltd and operates with 11-50 employees. AxCNH is positioned as the first regulated CNH stablecoin in Asia, designed for 24/7 cross-border settlement via distributed ledger technology, with 100% backing by high-quality liquid asset reserves held in segregated custody accounts at regulated financial institutions. The product enables 1:1 CNH redemption at any time and is accessible to anyone with an internet connection and digital wallet.

The company serves two primary customer segments: financial institutions and payment providers seeking low-cost cross-border settlement infrastructure (primary segment), and individual users with digital wallets seeking accessible digital currency storage and transfer (secondary segment). Distribution is dual-channel — a self-serve/PLG motion via digital wallets for SMBs and consumers, plus an enterprise-level direct channel for institutional CNH redemption. Strategic sponsors include Hony Capital (USD 16 billion AUM) and Conflux (regulatory-compliant public blockchain in China), which together provide institutional credibility, financial backing, and underlying blockchain infrastructure.

AnchorX's revenue model is not publicly disclosed; the company has not disclosed pricing, fees, or monetization mechanics. No funding rounds are documented despite the two named strategic sponsors. As of 22-02-2024, AxCNH in circulation equaled ¥20.0M CNH, matched 1:1 by reserves — an early-stage adoption signal that indicates the product is live but at nascent scale. The business is best characterized as a regulated, Asia-anchored stablecoin issuance platform whose commercial traction and monetization framework remain to be proven.

Name

AnchorX

Legal name

AnchorX_Ltd

Website

https://anchorx.org

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

AnchorX is a 2024-vintage fintech that issues AxCNH, the first regulated CNH-pegged stablecoin in Asia, built on Conflux blockchain with 100% reserve backing. It serves financial institutions, payment providers, and digital wallet users with 24/7 low-cost cross-border settlement.

Ownership category

akta.pro rank

Product category

Stablecoin / Digital Currency

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Stablecoin Issuers (Fiat-Backed) (FSADADAA)

akta.pro secondary industries

On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Reserve Management, Custody & Segregated Accounts (Backing Infrastructure) (FSADADAD), Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• CNH stablecoin
• Cross-border payments
• Digital currency solutions
• Stablecoin issuance
• Blockchain payments

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Infrastructure, Others

Distribution channels2 records

Marketing channels1 record

Core offering

AnchorX issues and operates AxCNH, a regulated CNH (offshore Chinese Yuan) stablecoin pegged 1:1 with CNH and backed by high-quality liquid asset reserves held in segregated custody at regulated financial institutions. The stablecoin is built on Conflux blockchain infrastructure and enables 24/7 instant cross-border payments and global settlement, accessible to anyone with an internet connection and a digital wallet, with 1:1 CNH redemption always available.

Product overview

AnchorX offers a single unified product: AxCNH, a first regulated CNH (offshore Chinese Yuan) stablecoin. AxCNH is built on distributed ledger technology for next-generation global payments and financial markets. The stablecoin is pegged 1:1 with CNH and offers 100% reserve backing, 24/7 instant settlement, low-cost cross-border payments, and universal accessibility via digital wallets. There are no additional modules, add-ons, or separate product offerings—the company's entire product portfolio centers on this single stablecoin product.

Differentiator

Problem solved

Functional benefit

Brands

• AxCNH: A fiat-on-chain CNH stablecoin pegged 1:1 with offshore Chinese Yuan, built for next-generation global payments and financial markets.

Products and services

• AxCNH Stablecoin AxCNH is the first regulated CNH stablecoin pegged 1:1 with CNH (offshore Chinese Yuan), fully backed by high-quality liquid asset reserves held in segregated custody accounts at regulated financial institutions. It enables 24/7 instant cross-border payments and global settlement via distributed ledger technology, with 1:1 CNH redemption always available, and is targeted at banks, payment platforms, financial service providers, and individual users with digital wallets.

Quantifiable outcome

• Cross-border payments at a fraction of the cost compared to traditional payment rails
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• ConfluxcoreTechnology or IntegrationThe leading regulatory compliant public blockchain in China offering superior scalability, security, low-latency, and cost-effectiveness. Serves as the underlying blockchain infrastructure for AnchorX's AxCNH stablecoin. Listed as Strategic Sponsor.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• Ripple (RLUSD): Ripple's enterprise-grade USD stablecoin targeting banks and payment service providers on the XRP Ledger. Comparable to AnchorX because of an explicit bank-and-PSP-led distribution strategy for cross-border settlement, a positioning structurally aligned with AxCNH's institutional targets.
• MakerDAO: Decentralized protocol behind the DAI stablecoin. Relevant as an alternative on-chain money architecture (crypto-collateralized rather than fiat-backed) and a competing way to deliver stable digital value for payments and DeFi use.
• Ondo Finance: Issuer of tokenized U.S. Treasuries and USD-yield products with regulated, institutional-grade infrastructure. Comparable in the adjacent tokenized-fiat / tokenized-cash theme, but competing more on yield-bearing wrappers than pure payment settlement.
• Frax Finance: Issuer of the FRAX stablecoin (hybrid fiat- and crypto-collateralized). Relevant as a competing stablecoin design targeting cross-chain liquidity and payments — analogous to AxCNH's on-chain-money positioning but with a decentralized rather than issuer-led, regulated model.

Direct peers

• StraitsX: Singapore-based MAS-regulated issuer of XSGD and XUSD stablecoins for cross-border payments across Southeast Asia. Comparable as a regionally focused, regulated fiat-backed stablecoin issuer operating in Asia with bank partnerships, very similar in shape to AnchorX's AxCNH.
• Circle: Issuer of USDC and a regulated money-transmitter/fintech offering enterprise stablecoin APIs and treasury services. Highly relevant as a regulated fiat-backed stablecoin issuer pursuing bank, payment-provider, and enterprise distribution similar to AnchorX's strategic priorities.
• JPYC: Japanese yen-pegged regulated stablecoin issuer aimed at cross-border and domestic settlement. Comparable to AnchorX as an Asian, fiat-backed, regulator-aligned stablecoin issuer focused on a single G10/Asian currency.
• First Digital Labs: Issuer of FDUSD, a regulated USD stablecoin with Hong Kong-based compliance and Asia-Pacific distribution. Comparable as an Asia-headquartered regulated fiat-backed stablecoin issuer targeting payments and exchange liquidity use cases.
• Paxos: Regulated issuer of multiple fiat-backed stablecoins (USDP, PYUSD for PayPal) and tokenization infrastructure. Comparable because it issues regulated, fully reserved stablecoins with 1:1 redemption and enterprise mint/redeem APIs — a model AnchorX appears to be replicating in CNH.
• Tether: Issuer of USDT, the largest fiat-backed stablecoin globally. Directly comparable to AnchorX as a fiat-backed stablecoin issuer with 1:1 redemption, but operating at vastly greater scale and with USD rather than CNH backing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/anchorx_ltd
• LinkedInlinkedin.com/company/anchorx-group

Revenue estimate

Valuation estimate

Number of profiles

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 AnchorX