BlockBeats news, on December 22, according to Globenewswire, the stablecoin payment infrastructure Coinbax, built on Base and Solana, announced the completion of a $4.2 million seed round financing, led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures, and others. The new funds will support its development of custody, policy enforcement, and programmable settlement functions for digital assets, as well as integration with custody and wallet infrastructure providers.