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Greenbox

“Can a blockchain-based payment processing platform build a defensible end-to-end fintech stack for merchants by combining tokenized ledger infrastructure with embedded banking and payments?”

Founded2018
HQSan Diego, California, USA
IndustryFintech / Payments

The story

Originally incorporated in Nevada in 2007 as ASAP Expo Inc., the company was repurposed and rebranded as GreenBox POS after acquiring the blockchain payments business GreenBox POS LLC in 2020. The company repositioned as a fintech focused on proprietary blockchain-based payment processing, using smart-contract token infrastructure and immutable ledgers to record tokenized cash transactions. GreenBox tapped Signature Bank as the banking partner for its smart-contract token infrastructure, reflecting its ambition to build a full-stack financial product suite on blockchain rails.

Last 12 months

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Product timeline

2018

GreenBox POS LLC founded; entered into verbal agreement that would later be formalized as an asset purchase by ASAP Expo (later renamed GreenBox POS Inc.).· pivot

2020

ASAP Expo Inc. completed Asset Purchase Agreement with GreenBox POS LLC; company formally rebranded to GreenBox POS and began trading under new identity.· pivot

2022

GreenBox POS described in SEC filings as a financial technology company developing blockchain-based payment solutions and end-to-end financial products including tokenized asset ledgers.· banking

The stack

Payments / PSP

GreenBox POS Blockchain Payment Services (self-operated)

Banking / BaaS

Signature Bank (sponsor/banking partner)

Sponsor bank

Signature Bank

Accounting gap: none