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Apyx
Active AUM
$432.79mKey Metrics
Onchain AUM$432.79m
Change (24h)-1.02%
Active / Onchain100%
DeFi Active TVL$175.25m
Change (24h)-0.76%
Utilization40.5%
Largest ProtocolPendle V2$78.1m
Net Flows 30dN/A
Net Flows 7dN/A
Live Assets2
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| RWA Fiat Stable | $282.93m | $282.93m | -1.83% | $62.63m | 22.14% | +2.85% | $0.99 | |||
| Stable Yield Wrapper | $149.86m | $149.86m | -0.20% | $112.62m | 75.15% | -1.96% | $1.41 | |||
About Apyx
Apyx offers a stablecoin backed by real-world assets and Treasury securities, combining yield generation with price stability. It enables institutional-grade stable settlement with underlying RWA collateral.
Entity
Legal entityApyx
Founded2026
Primary chainEthereum
Entity structure
The protocol is made available by Preference Capital (BVI) Ltd. with reserve assets in Strategy STRC and Strive SATA preferred stock plus cash held in accounts of an Apyx Foundation whose domicile is not disclosed. The team overlaps with Nasdaq listed DeFi Development Corp. Total capital raised was 3 million dollars despite headline valuations.
Regulation
Apyx discloses no licenses or registrations in any jurisdiction. The protocol is made available by Preference Capital (BVI) Ltd. under BVI law with the US, EU, UK, and Canada prohibited. The only third party oversight is monthly examination level attestations by Wolf and Company P.C., a PCAOB registered audit firm, plus an Accountable proof of solvency dashboard.
Compliance
Of 2 assets
Attested2 of 2
KYC to mint or redeem1 of 1
Allowlisted to holdunknown
Transferable2 of 2
Self custody2 of 2
Redeemable2 of 2
Fees & revenue
ConfidenceReasoned Estimate
Fees Last Verified2026-07-09
apxUSD mint and redeem is whitelisted institutional only at 1 dollar with spreads and offchain execution expenses rather than a published fee. apyUSD early exit fees decline from 350 bps to 10 bps across the unlock window. Excess collateral yield above apyUSD payouts accrues to the overcollateralization buffer.
Milestones
- 2026-06Apyx 2.0 announced after supply scaled to about 500 million, following a depeg to 90 cents during the largest ever STRC drawdown
- 2026-03BitGo added custodial support and first Wolf and Company monthly attestation
- 2026-02apxUSD launched on Ethereum with DeFi Development Corp strategic investment
- 2026-01seed round closed at a 70 million valuation