U.S.-based stablecoin and payments company Frax said it has filed an application with ICANN for its own top-level domain, .frax, and described it as the first top-level domain application from a crypto company announced by ICANN. According to ChainCatcher, the application is part of ICANN's 2026 new generic top-level domain program and was submitted with support from ICANN-accredited corporate domain registrar MarkMonitor.

If approved, .frax would become a global internet top-level domain similar to .com and .org. Frax said the domain would be used through its Frax Name Service, allowing users to own and manage .frax domains on its Fraxtal blockchain while resolving them through the global domain name system.

Frax said registration proceeds would go into its Frax Burn Engine and permanently destroy FRAX. Founder Sam Kazemian said the project aims to combine crypto naming systems with ICANN domains so ownership remains on-chain while domains stay broadly accessible, with a focus on programmable financial endpoints for people, businesses, applications and AI agents.

The company said the plan extends its financial network built around fully backed digital dollar frxUSD and institutional connectivity platform FraxNet. Frax also said it plans to explore agent and machine payment functions for .frax domains, including support for standards such as x402, so websites, apps and autonomous software agents can identify counterparties, access services and initiate stablecoin payments programmatically. Frax said it has served users since 2020 and ranked fifth in the stablecoin category of Fortune's Crypto 100 in 2026.