Where is FRAX located?

Excuse me, could you please clarify something for me? I've been hearing a lot about FRAX recently, but I'm a bit unclear on its location. Could you tell me, where is FRAX located? Is it a physical office somewhere in the world, or is it a fully digital and decentralized entity? Also, does its location have any impact on its operations or the way it functions within the cryptocurrency and finance industry? I'm quite interested in understanding the intricacies of this particular cryptocurrency and its place in the broader financial landscape.