Nodex

[[PROJECT:1844]] is a non-custodial cryptocurrency payment gateway built for merchants who want to accept crypto payments without taking on custody risk, currency volatility exposure, or the onboarding friction typical of traditional payment processors. Founded in 2022 and headquartered in Singapore, the company raised $1.5 million and positions its platform as an alternative to established gateways such as BitPay and CoinGate, with a core differentiator: zero transaction fees for merchants.

How the Payment Flow Works

Nodex Pay operates through three stages. A customer pays directly from a self-custody Web3 wallet, so no funds ever pass through a Nodex-controlled account. The platform's smart contracts then query decentralized liquidity pools across supported networks to fetch an optimal exchange rate and route the transaction. The merchant receives the settled amount immediately in a chosen stablecoin: USDT, USDC, DAI, or JPYC, on a blockchain of their choice.

The non-custodial design means Nodex never holds, controls, or takes temporary custody of user assets. This is spelled out explicitly in the platform's terms and is the basis for one of its core claims: merchants are not exposed to counterparty risk from the gateway itself.

Customers can pay with a range of tokens beyond stablecoins, including SHIB, UNI, and others available across supported networks. The smart contract layer handles the conversion automatically at the point of settlement.

Revenue Model

Nodex charges no processing fees to merchants. The platform instead collects a spread margin from payers, ranging from 0.1% to 0.5% of the transaction amount. An additional 0.1% is collected as a contribution to Nodex's donation program, which the company runs alongside the core payment product. Gas fees for on-chain transactions are passed through at cost to the relevant blockchain network.

This structure inverts the model used by most merchant-facing gateways. BitPay charges approximately 1%, CoinGate charges around 1%, and some competitors layer additional flat fees on top of percentage charges. Nodex's spread-from-payer approach means merchants receive the full agreed invoice amount in stablecoins rather than a net figure after gateway deductions.

Blockchain Coverage

The platform supports twelve blockchain networks: Ethereum, BNB Chain, Polygon, Avalanche C-Chain, Astar Network, Arbitrum One, OP Mainnet, Mantle Network, Oasys, Base, Solana, and Kaia. New networks are added periodically. Solana's inclusion gives the platform access to a high-throughput settlement layer with transaction costs well below Ethereum mainnet, which is relevant for merchants processing smaller or higher-frequency payments.

Merchants can deploy on multiple networks simultaneously. The platform generates a separate smart contract instance per network, and each deployment requires a one-time gas payment. After setup, the merchant's preferred receipt token and chain are fixed at the contract level.

Merchant Onboarding

Nodex requires no KYC verification from merchants. Onboarding consists of connecting a Web3 wallet, selecting a receipt token and blockchain, and deploying the corresponding smart contract. The company describes the process as requiring "only a PC and internet connection." Merchants get access to QR code payment generation, a payment URL API for custom integrations, configurable payment expiration windows (defaulting to one hour), webhook notifications for payment completion events, and customizable branding on payment pages.

The business management interface is browser-based and runs on desktop. Payment pages can carry merchant logos and route customers to custom success or failure URLs on transaction completion. API access uses identification tokens and hash tokens for authentication.

Competitive Positioning

Nodex entered a market that includes custodial processors like BitPay, aggregator platforms like CoinGate, and native wallet-integration protocols like Solana Pay. Its pitch is aimed at merchants who want the fee structure of a decentralized protocol alongside a managed integration experience.

The merchant-facing zero-fee model and the automatic stablecoin conversion address two friction points that have historically slowed crypto payment adoption at the merchant layer: processing cost and volatility exposure. A merchant quoting prices in USD does not need to track token prices or manually swap received crypto; the settlement arrives in a pegged asset regardless of what the customer paid with.

The platform's non-custodial architecture also removes the regulatory and security risks associated with platforms that pool merchant funds before distribution, though it requires merchants to maintain their own wallet infrastructure for final custody.

Current Status

Nodex Pay operates across its supported twelve networks with the core merchant gateway live. In June 2025, the company announced a partnership with Online+, integrating its payment infrastructure into the ION ecosystem to bring crypto payment capabilities into a decentralized social application environment. The partnership extends Nodex's gateway beyond direct merchant use into embedded social-commerce contexts.

The platform currently carries no native token. The documentation and official website make no mention of a token launch, tokenomics, or governance structure. Revenue runs through the payer-side spread margin.

Funding of $1.5 million was raised as of the most recent available records from PitchBook, though no investor names or round dates are publicly disclosed. The company has not published team information or named leadership publicly on its primary site or documentation.