CFX Labs Inc. Market Research Report

Company Overview

• Name: CFX Labs Inc.

• Mission: Deliver maximally efficient financial transactions worldwide.

• Founded By: No information is available.

• Key People:

• Nick Cavet - Co-Founder & CEO

• Ben Ng - Co-Founder & VP of Engineering

• Yamen Sader - Head of Platform Engineering

• Chris Sillari - Chief Legal Officer & Chief Compliance Officer

• Darren Faulk - Chief Financial Officer

• Agustin Brazzola - VP of Product and Business Development

• Ramon Escobar - Director of Mexico & LATAM Expansion

• Headquarters:

• 2045 W Grand Ave, Ste B, PMB 71816, Chicago, IL 60612, USA

• Other Offices: Mexico City, São Paulo

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Bridging the gap between digital assets and local currency through a seamless, secure, and regulated money services & payment network.

Products

Real-World Stablecoins

• Description: CFX issues stablecoins fully backed and redeemable 1:1 for U.S. dollars.

• Key Features:

• USD custody by FDIC Member Banks

• Legally protected and regulated

• Globally accessible

Smart Wallet Solutions

• Description: Customizable, no-code smart wallet that can be integrated into apps or websites for cash acceptance.

• Key Features:

• Issue wallets and earn interest up to 4.5% on USD balances

• Supports cash and wire transfers

Global Real-Time Payouts

• Description: Network enabling fast, real-time payouts globally.

• Key Features:

• Available in over 220 markets

• Supports major U.S. payment rails like ACH and FedWire®

Liquid Treasury™

• Description: Maximizes returns for on-chain assets.

• Key Features:

• Instant conversion from popular stablecoins

• Custom cash management and tokenization

• Maximizes capital productivity

Other Products

• Cash Collection, Rewards, Global Dollar Accounts, Payroll Direct Deposit, API & White Label Solutions

Recent Developments

• Fundraising and Expansion: CFX Labs raised $9.5M to expand their services globally, emphasizing the Solana-based stablecoin market.

• New Product Launch: No new product launches specifically mentioned.

• New Features: Liquid Treasury and Smart Wallet solutions were highlighted with new features, including a customizable, no-code interface for broader integration.

• Partnerships: Works in partnership with FDIC-member banks, ensuring comprehensive legal compliance and the integration of strong regulatory frameworks.

Compliance and Legal Structure

Federal and State Compliance

• Federal: Registered Money Services Business (MSB) with FINCEN, implementing strict AML and KYC policies, along with regular compliance training sessions and audits.

• State: Holds money transmission licenses, adheres to specific state regulatory frameworks, and undergoes periodic audits.

Custodial Accounts and Legal Protections

• Custodial Accounts: Funds segregated from CFX’s operational assets, managed transparently with FDIC-member banks.

• Legal Protections: Customer funds protected under federal law, ensuring fiduciary responsibilities are maintained.

News and Insights

• CoinDesk Report: Highlighted CFX Labs' recent fundraising efforts to promote Solana-based stablecoin expansion.

• BofA Research Report: Discussed the potential growth in asset tokenization contributing to infrastructure evolution in value transfer.

Contact Information

• Chicago:

• 2045 W Grand Ave, Ste B, PMB 71816, Chicago, IL 60612, USA

• Phone: 708.918.3746

• México City:

• Calle Montes Urales, #424, Piso 1, Lomas de Chapultepec V Sección, Alcaldía Miguel Hidalgo, C.P. 1100, Mexico

• São Paulo:

• 14171, Avenida das Nações Unidas (cj 1502), Vila Gertrudes, São Paulo, 04794-000, Brazil

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Note: This report summarizes available data and does not include taken liberties beyond the provided information.