Apyx Closes a $300M Strategic Round, Targets February 2025 Launch

We're elated to announce that Apyx has closed a $300 million valuation strategic funding round, bringing our total capital raised to $3 million across two oversubscribed rounds. This follows our seed round that closed in January 2026 at a $70 million valuation — and together, these milestones represent something far bigger than dollars on a balance sheet.

Why This Round Matters

This raise is a testament to the belief the market has in what Apyx is building: not just another stablecoin but a fundamental reimagining of what it means to capture yield onchain.

Apyx is the world's first Dividend-Backed Stablecoin (DBS) protocol, anchoring yield to the Digital Credit layer created by publicly traded Digital Asset Treasury (DAT) preferred equity, rather than relying on opaque trading strategies or reflexive funding markets. apxUSD is a synthetic dollar backed by preferred equity issued by the most respected DATs, and apyUSD is the savings asset that accrues enhanced yield from the dividends those preferred shares generate.

This is the Digital Credit Flywheel in action: public companies accumulate digital assets, preferred equity finances that accumulation, dividends are paid in cash, and Apyx transforms those cash flows into an enhanced, native onchain yield. As more DATs issue preferred stock and the size of those issuances grow along with balance sheets, the total dollar volume of dividends flowing into the protocol increases. That's the flywheel: more issuance means more aggregate yield powering onchain infrastructure, creating a structural link between public capital markets and DeFi.

Apyx is supported by the team behind DeFi Dev Corp. (Nasdaq: DFDV), the first non-BTC DAT, which launched in April 2025. That background, operating at the intersection of public markets and crypto, is precisely why Apyx understands not just the opportunity, but the frictions and structural weaknesses that persist across the stablecoin landscape.

Intentionally Strategic, No VCs

Every investor in this round was strategic. That was by design.

We've all seen what happens when Venture Capitalists (VCs) dominate token supply: early buyers of governance tokens get burned as locked allocations eventually hit the market. We're committed to a level playing field for every prospective APYX governance token holder, and keeping VCs out of the cap table is a meaningful step toward that.

We have no plans to raise additional capital before launch.

What's Next

We're shifting our full focus to getting Apyx live on Ethereum before the end of February 2026, with Solana support to follow shortly after. The fundraising chapter is closed. The building chapter is in full swing.

Want to see who's already in our corner?
Check out our growing partner list: https://apyx.fi/ 

New to Apyx? Read our introductory post, Introducing Apyx: Double-Digit Savings for Everyone, for a full breakdown of the protocol, the problem we're solving, and how the Digital Credit Flywheel works.

The future of stablecoins is transparent, high yield-bearing, and publicly verifiable.