© 2020 Paxos Trust Company, LLC All Rights Reserved. NMLS #1766787
Company
About Us
Paxos is the first regulated blockchain infrastructure platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is building a new system that allows assets to move instantaneously, anywhere in the world, at any time.
Paxos uses technology to tokenize, custody, trade and settle assets for enterprise clients. It enables fintechs and financial institutions to offer crypto capabilities to their users through its Paxos Crypto Brokerage and Stablecoin as a Service products. It also offers settlement solutions for securities and commodities. Paxos clients include global enterprises PayPal, Credit Suisse, Societe Generale, StoneX and Revolut. Paxos is a top-funded blockchain company with more than $500 million in total funding from leading investors like OakHC/FT, Declaration Partners, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.
What We Do
Crypto For Enterprises
Turnkey APIs to enable crypto capabilities and whitelabel stablecoins.
Crypto For Investors
Regulated tokenized assets and digital asset exchange to enable digital asset trading for institutions.
Settlement for Institutions
Blockchain-based settlement for securities and commodities.
Our History
Paxos takes a regulation-first approach to its products and services, always seeking the highest form of oversight and regulatory approvals. The company has pioneered many landmark accomplishments in the crypto and blockchain space:
- 2012 | Launched the first regulated crypto exchange, itBit
- 2015 | First company to secure a New York State Department of Financial Services Trust Charter for Digital Assets
- 2018 | Issued the world’s first regulated stablecoin, PAX
- 2019 | Issued the world’s first regulated gold-backed token, PAX Gold
- 2019 | First & only company to receive SEC permission to pilot using blockchain technology to settle stock trades
- 2021 | First crypto-native company to receive preliminary approval for a de novo national Trust Bank charter
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
Real-Time Candor
We communicate directly and honestly with each other
Shared Commitment to Excellence
We are relentlessly self-improving
Be an Owner
We drive results, even outside our roles
Our Team
Charles Cascarilla
CEO & Co-Founder
Andrew Chang
COO
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
Former Chairman of the FDIC, 2006-2011
TIME Magazine’s 100 Most Influential People
Consumer Federation of America’s Public Service Award
Bill Bradley
Managing Director of Allen & Company
Former U.S. Senator for New Jersey, 1979-1997
Former Chairman of the Senate Finance Committee
Robert Herz
Former Chairman of FASB and PwC North America
Board Member of Morgan Stanley
Director of Fannie Mae
Jim Manzi
Chairman of the Board of Thermo Electron
Former Chairman, President, and CEO of Lotus
Development Corporation, 1984-1995 (acquired by IBM)
Duncan Niederauer
Board Member of First Republic Bank, GEOX, and Sorenson Communications, Former CEO of NYSE/Euronext, President of the Intercontinental Exchange, Partner at Goldman Sachs
Brian Stern
Partner with Declaration Partners LP
Former Head of Strategic Investments at Stone Ridge
Former Head of Private Markets at BlackRock