Coin Press - FraxNet: First Institutional Money Account for Capital-Efficient Stablecoins in GENIUS Era

LAS VEGAS, NV / ACCESS Newswire / October 27, 2025 / Frax Finance, a leading stablecoin provider, today announced the launch of FraxNet, which is purpose-built to bridge the gap between DeFi and regulated financial infrastructure. FraxNet offers users the ability to mint, redeem, and earn rewards with Frax USD (frxUSD). Frax USD is built to GENIUS Act standards.

This framework enables institutions and high-net-worth individuals to access transparent, capital efficient on-chain liquidity. Early adopters include Balance, Canada's largest digital asset custodian, which plans to integrate frxUSD and FraxNet to exclusively power Balance's yield stablecoin rewards program.

"FraxNet represents a foundational step forward in bringing GENIUS-compliant stablecoins to the market. At Balance, we prioritize integrating with service providers that offer clear legal pathways for institutional adoption. Frax's design around natively redeemable, cross-chain digital dollars, anchored by frxUSD, is uniquely positioned to do just that. We're pleased to work on bringing FraxNet into our platform, as part of our commitment to support compliant, interoperable, and reliable digital asset infrastructure," said George Bordianu, co-founder and CEO of Balance.

"FraxNet is the culmination of our vision to create the most seamless, institutional-ready stablecoin infrastructure in the market," said Sam Kazemian, Founder and CEO of Frax. "By combining on-chain efficiency with direct banking access and regulatory alignment, FraxNet provides a foundation for the next era of digital finance, where institutions and individuals can operate across chains with the same confidence and speed as traditional systems."

Sign up to FraxNet here.

Frax will be announcing more FraxNet partners throughout the week. FraxNet is designed to support large-volume accounts such as institutional allocators, fintech platforms, and capital managers who require both regulatory compliance and blockchain-native functionality. With settlement speed measured in seconds, daily rewards, and direct ACH minting/redemption, FraxNet positions itself as a flexible alternative to traditional money market funds and custodial stablecoin products.

FraxNet Features:

• Alternative to money market funds

• Framework aligns with GENIUS Act requirements

• Institutions gain on-chain liquidity with ability to earn rewards

• Settlement in seconds with daily reward distribution

• Compliance features for institutional users

• KYB/KYC enables ACH minting/redemption to U.S. banks

• Uses LayerZero for secure cross-chain transfers

The launch of FraxNet advances Frax's mission to create scalable, decentralized financial infrastructure that bridges the gap between Web3-native systems and regulated financial markets. Launch coverage includes U.S. individuals (exc. NY and AK) and businesses in 40+ major countries, with global expansion coming soon. Check for eligibility.

About Frax

Frax is a U.S.-based financial technology company building infrastructure for open, stable, and borderless digital money. The platform is anchored by three pillars: Frax USD (frxUSD), a digital dollar fully-backed by U.S. Treasuries via partners such as BlackRock and Superstate; Fraxtal, a high-performance, Ethereum-compatible blockchain optimized for stablecoin scalability and real-time payments; and FraxNet, a non-custodial fintech platform for institutions and HNWIs to mint, redeem, and earn with frxUSD. Frax serves financial institutions, fintechs, and enterprises seeking secure, compliance-ready access to digital dollars and blockchain infrastructure. Frax was founded by Sam Kazemian and Stephen Moore. Learn more at Frax.com.

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All registered trademarks and product identifiers belong to their respective corporate entities. Any other trademarks or product names referenced here are also owned exclusively by their relevant companies.

Frax Media Contact:
Gary Bird
FortyThree, Inc.
[email protected]
831.888.9011

SOURCE: Frax

View the original press release on ACCESS Newswire

A.Agostinelli--CPN