Paxos is a blockchain regulated financial institution building infrastructure to enable movement between physical and digital assets.
Paxos is on a mission to modernize finance by mobilizing assets at the speed of the internet.
Paxos was founded in September 2013 by Charles Cascarilla and Rich Teo. The company is headquartered in New York, with offices in London and Singapore.
Paxos is building a future where all assets—from money to commodities to securities—will be digitized and can move instantaneously, 24/7.
Paxos's flagship service is Bankchain(TM), a next-generation blockchain settlement platform that is transforming post-trade across capital markets. Bankchain delivers instantaneous settlement and greater automation, offering market participants reduced counterpart.
Paxos technology makes it possible to tokenize, custody, trade and settle assets. It offers crypto solutions for enterprises, crypto trading, and settlement solutions for securities and commodities.
Paxos is uniquely positioned to address the digital asset needs of global brands. Paxos clients include PayPal, Credit Suisse, Societe Generale, StoneX, Revolut and many more enterprises.
Paxos is backed by Oak HC/FT, RRE Ventures, Liberty City Ventures, Declaration Partners, Mithril Capital, PayPal Ventures, RIT Capital Partners plc and others. The company raised $300M in Series D round on Apr 29, 2021. This brings Paxos' total funding to $535.3M to date. The latest round valued the company at $2.4B post-money.