Our Company

Digitizing the world’s assets

Vision and Mission

At Paxos, we are re-building the infrastructure of finance. We want to make it possible to move any assets anywhere, instantly – and therefore democratize access to a new, global, frictionless economy.

We take a two-pronged approach of establishing regulatory designations that give us access to the current financial infrastructure and developing innovative products. This allows us to operate as a gateway between traditional finance and the digital future.


Since its founding in 2012, Paxos has always sought to enable the movement of assets, starting with the launch of the itBit exchange in Singapore. In 2015, the New York State Department of Financial Services granted Paxos a limited-purpose trust charter, thus establishing it as the first company approved and regulated to offer crypto products and services. By seeking the highest forms of regulation and compliance, Paxos has distinguished itself within the blockchain industry and earned the trust of discerning institutional and individual investors.

Paxos has since continued to operate within established regulatory frameworks while creating innovative new products. This includes workstreams in the tokenization of securities, precious metals and commodities, such as the Paxos Standard token, a digital dollar launched in 2018.

Along the way, Paxos has raised over $140M in venture funding, added distinguished luminaries including Sheila Bair and Senator Bill Bradley to the board, and grown to 150 employees in three global offices.

How we work with assets:

We hold and safeguard both physical and digital assets, as the first Trust approved to custody cryptoassets


We build technology that allows assets to live and move on any blockchain


We make it possible for you to trade, sell, buy and transact with assets in a frictionless, global economy

Core Values

We hold ourselves to a high standard to impact the world in a positive way. We operate by these principles:

Search for the Truth​

We obsess over the right answers to the right questions

Shared Commitment to Excellence

We are relentlessly self-improving

Real-Time Candor

We communicate directly and honestly with each other

Be an Owner

We drive results, even outside our roles

Our Team

Charles Cascarilla

CEO & Co-Founder

Andrew Chang


Rich Teo

Co-Founder & CEO Asia

Walter Hessert

Head of Strategy

Nick Selby

Chief Security Officer &         Director of IT    

Daniel Burstein

                General Counsel &                       Chief Compliance Officer   

Dorothy Chang

VP of Marketing & Comms

Our Board

Sheila Bair

Bill Bradley

Robert Herz

Jim Manzi

Duncan Niederauer

We’re Hiring

See our Careers Page to apply.

Close Menu