A Regulated Stablecoin Means Having a Regulator

Paxos powers the only safe, regulated and liquid stablecoins that are always 100% backed 1:1 by US Dollars. Paxos has a primary regulator and is held to higher standards than other operators. Licensing and registration does not equal regulation.

Paxos CEO Charles Cascarilla at Bitcoin 2021

Paxos attended and sponsored the Bitcoin 2021 conference in Miami, which took place in early June. A wide swath of crypto-interested people attended – beyond retail investors, many financial services companies attended as well, all eager to learn more about the crypto space.

PAX Gold surpasses 125,000 tokens and $240 Million in Market Cap

It continues to break records and has expanded its leadership position as the largest, most liquid gold-backed digital token. Earlier this month, PAXG surpassed 125,000 tokens and reached a total market capitalization of nearly a quarter-billion dollars. That represents a more than 400% increase in total token supply in only a year’s time.

The Five Attributes of Money, Part II: Openness, the Attribute that Matters Most

Of the five main attributes of money, openness is the most important one because it dictates the limit on how many participants comprise the network and therefore how much utility that network can serve. Today’s modern fiat banking system is the dominant system, yet it is still closed to billions of people around the world. Society stands to gain advantages in access, autonomy, privacy, greater innovation and lower fee structures with a more open system system.

trust

How Paxos is the Most Trusted Operator in Digital Asset Infrastructure

Trustworthiness is critical to our business success at Paxos. We believe that by becoming a trusted, regulated, audited infrastructure provider, we can offer the highest levels of safety, protection and security for our clients. We’ve spent years building this oversight and regulatory stack.

How Paxos Came to Be – Why Our Mission is to Build a New, Open Financial System

Paxos is building the foundation for a financial system where all assets, from money to commodities to securities, can be digitized and moved instantaneously. As the first regulated Trust company with blockchain expertise, we’re taking big, ambitious swings to make the financial system more open and inclusive—and to fix the legacy infrastructure that could exacerbate or even create the next financial crisis.

Simple Multisig: How it Works and Why It’s Awesome

Blockchain technology is about combining fundamental cryptographic primitives to build useful, trusted features like transfers and asset issuance. Defining a secure signing scheme for multi-signature

Is Crypto Right for Your Business? Observations Based on Experience from Paxos

Cryptocurrencies, or crypto, is a burgeoning, fast-paced and constantly evolving asset class. We witnessed companies that recently launched crypto services benefit from increases in top-line revenues, company valuation, user engagement, and customer retention. Before your business dives in to capture these advantages, we want to help answer some of the most commonly asked questions from companies inquiring about crypto. We hope this perspective can also help empower your company’s strategy moving forward.

Ensuring a Trustworthy Experience with Crypto

Trust is fundamental to the success of both crypto and blockchain. Hear from my perspectives on what it takes to build tomorrow’s financial infrastructure.

How Financial Firms are Integrating Crypto

Paxos hosted a virtual Master Class, “How Financial Firms are Integrating Crypto Offerings.” This was part of our Blockchain Impact series and was tailored for professionals seeking details on applying crypto solutions and blockchain tech to current and future products. Leaders from Paxos discussed the current state of crypto adoption in mainstream finance, the potential impact crypto can have on revenues and the fundamentals of enabling crypto.

Paxos in 2020

Paxos in 2020 – A Year in Review

This year, we helped bring crypto to hundreds of millions of users. We’re building financial market infrastructure for an open, digital economy. We closed out 2020 announcing that we raised $142 million in Series C funding, but we also hit many milestones along the way.

The System for Clearing and Settling Equities Is Antiquated. This Is About to Change.

Paxos is upgrading clearing and settlement to meet the speed and efficiency of trading. Starting in the US with Street-side US equities settlement, Paxos has built a platform designed to alleviate market participants’ core concerns with the legacy infrastructure they rely upon today. Our solution, Paxos Settlement Service, is built with the latest technology and modern thinking about how financial infrastructure should operate.

The 5 Attributes of Money, Part I: What Makes Money Money

Ultimately, money is a very specific form of asset ledger that serves as a means of payment. The money ledger is foundational to a capitalist financial system as the unit of account that everything in the economy is denominated against and from which intertemporal decisions are made.

New York “Greenlists” All Paxos Tokens: PAX, BUSD and PAXG

One year ago, Paxos partnered with Stable Universal and Huobi to launch a US dollar-backed stablecoin: HUSD. In that time, there have been more than $1.6 billion tokens issued and more than $3 billion worth of transactions processed.

At One Year Old, HUSD Issuance Passes $1.6 Billion

One year ago, Paxos partnered with Stable Universal and Huobi to launch a US dollar-backed stablecoin: HUSD. In that time, there have been more than $1.6 billion tokens issued and more than $3 billion worth of transactions processed.

Paxos Crypto Brokerage logo

Paxos + Revolut Bring Crypto to the Masses

Lately, more and more mainstream consumer applications are adding digital assets to their offerings – from Square’s Cash app to Robinhood to Facebook’s Novi. We’re

Our Approach to Product Management

We’re a nimble, innovative company pursuing an ambitious mission to bring technology and product innovation to the regulated financial services industry by building the bridge to an open, decentralized financial system.

Share PAX Gold Facts and Win Gold

To show our appreciation to customers, Paxos is running a $1000 PAX Gold giveaway on Twitter. Twitter users can participate by tweeting one accurate fact

Building the Future of Finance in 2020

2019 was a monster year for Paxos. We launched more products this year than in our entire history combined, we more than doubled the circulation

PAX Turns One!

A year ago today, Paxos Trust Company launched the Paxos Standard (PAX) stablecoin, the world’s first regulated crypto-asset fully collateralized 1:1 by the U.S. Dollar.

Istio Mesh Expansion on AWS

By Srinivas Gumdelli & Nathan Typanski Migrations to Kubernetes are inherently messy. While progress has been made in recent years with StatefulSet and persistent volumes,

Growing Demand for PAX around the World

It’s been a big week for Paxos and our PaxosStandard (PAX) stablecoin! Over the past week, the market cap of PAX has increased nearly 50%.

Unveiling the New Paxos.com

We re-designed Paxos.com to reveal more about our mission to mobilize assets and create a frictionless economy. Read more to learn about upcoming products.

Women to Watch in Blockchain

In celebration of International Women’s Day this year, we are putting a spotlight on some of the most inspiring women who have had an impact in blockchain.

PAX Weekly Updates — January 16, 2019

Today, we are excited to announce that we will be jump-starting a new initiative to share weekly updates on Paxos activity in an effort to bring more transparency into this space.

Binance Lists PAX as a Base Currency

We’re excited to share that Binance, the world’s largest crypto exchange, has now added the Paxos Standard (PAX) stablecoin as a base currency.

How to Build a Great Engineering Team

Over the past few years, I’ve had the opportunity to build out a world-class engineering team at Paxos, a fintech startup on an ambitious mission to enable the movement of any asset at any time in a trustworthy way.

Paxos Standard Sees Massive Adoption in Its First Month

Today, we announced that the Paxos Standard token has achieved the fastest, broadest distribution of any digital asset, with support from over 20 top global exchanges and OTC desks within just one month of its launch.

Monthly Attestation Reports

As we bring trust and transparency to the digital asset market with PAX, the industry’s first regulated stablecoin, we are pleased to share our first month-end attestation report, prepared and published by nationally-ranked auditing firm Withum.

Binance lists Paxos Standard token (PAX)

We are excited to share that Binance, currently the world’s largest crypto exchange by trading volume, has announced it will list our Paxos Standard token (ticker symbol PAX).

Shrink your ops team by putting the Dev in DevOps

Every software system requires an exhaustive amount of configuration and maintenance: from provisioning servers, deploying code, installing and upgrading services, to storing data, managing DNS records and applying security protocols, there is a tremendous amount to consider.

Blockchain 101 — Foundational Math

Getting into blockchain development can be pretty intimidating. There’s a whole host of weird terms that are thrown around like “coinbase” and “merkle root” that not only look odd, but are not obvious.

Why Take-Home Tests are Awesome

At Paxos, we give all software engineering candidates a short take-home test before deciding if we want to move forward with an in-person interview.

How Will Blockchain Technology Revolutionize Asset Management?

Although asset managers initially explored Bitcoin as a new investment opportunity, it is digital securities settlement infrastructure inspired by Bitcoin’s underlying technology, blockchain, that may have a greater impact on buy-side firms.

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