Frax Creates Internet History: Becomes the First Cryptocurrency Company to Submit an Application for a ICANN Top-Level Domain Name
.frax will connect a globally renowned internet domain name with on-chain ownership, payment capabilities, and business activities that are native to AI.
Las Vegas, October 7th / PRNewswire / -- Today, a company has become the first in its industry to have its top-level domain name application publicly disclosed by ICANN. The new domain name frax has been officially launched as part of the 2026 new generic top-level domains program. If ultimately authorized, frax will become a globally recognized internet top-level domain name, similar to com or org.
Frax plans to transform . frax into the first end-to-end top-level domain, aiming to connect the traditional internet with the on-chain economy. Users will be able to own and manage . frax domains on the Fraxtal blockchain through Frax at Frax Name Service ( FNS ), and these domains will also be resolved through the global domain name system. Registrations for FNS will also flow into Frax Burn Engine, permanently phasing out FRAX. As domain usage grows, the native digital products of this ecosystem will capture value.
Frax The founder, Sam Kazemian, states: "The encrypted naming system makes internet identities tangible. ICANN Domain names enable global accessibility. frax These two elements are combined to create something unique. Our goal is to build the first internet namespace where ownership is recorded on the blockchain, yet domain names can be used anywhere. From there, domain names can evolve into programmable financial terminals for individuals, businesses, applications, and AI agents."
This plan also extends to the financial network constructed around frxUSD and FraxNet by Frax. FraxNet connects financial institutions, fintech companies, and enterprises through a shared digital currency and payment network. With each new participant, the coverage and utility of frxUSD are expanded.
Frax also plans to explore proxy and machine payment functions for the .frax domain name, including support for emerging standards such as x402. This may enable websites, applications, and standalone software proxies to identify counterparties in a programmed manner, access services, and initiate stablecoin payments.
The application was submitted with the support of MarkMonitor, an enterprise domain name registrar certified by ICANN.
About Frax
Frax is a financial technology company headquartered in the United States, dedicated to building a secure, global, and programmable currency network. At its core are frxUSD – a fully reserved-backed digital dollar – and FraxNet – a financial platform that connects institutions, fintech companies, and enterprises through a shared network of digital currencies, payments, lending, credit, and earnings. Frax provides stablecoins and encrypted payment infrastructure for leading financial institutions, companies, and fintech startups. Since 2020, Frax has facilitated billions of dollars in on-chain capital and activity over more than five years of user service. In 2026, Frax ranked 5th on Fortune’s Crypto list of the top 100 stablecoins. For more information, please visit Frax.com.
Frax Media Contact Person
Gary Bird
FortyThree, Inc.
831.888.9011
[ email protected ]
