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Apyx is an overcollateralized stablecoin protocol that brings users exposure to DAT companies and enables earning dividends from them through its dual stablecoin model. Its $apxUSD stablecoin is backed by cash, U.S. treasuries, DAT equities, and dividends, while $apyUSD lets users earn a share of dividend rewards, reflected in the growth of $apyUSD relative to $apxUSD.
On February 26, 2026, Apyx announced a Strategic funding round at a $300M valuation, bringing its total raise to $3M across two investment rounds. The amount raised in the Strategic round specifically remains undisclosed, with DeFi Development Club being the only confirmed investor.
3-year vesting