XFX has built an “engine” to match buyers and sellers of currency faster, enabling swaps between stablecoins and select fiat currencies. The platform currently supports U.S. dollars, Mexican pesos, and Colombian pesos and aims to create deep liquidity in a subset of currency pairs. Its customers include financial institutions, money transmitters, and crypto exchanges, though the company has not publicly named specific clients. The three cofounders met at Bitso and bring experience from crypto trading and traditional finance. XFX plans to hire more quants and expand relationships with trading desks and banks as it grows. The company was founded in 2025 and is headquartered in Miami.

Total raised

$17M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2026