Press

Paxos Continues Growth of Modern Settlement Platform with $65M Series B Funding

May 31, 2018 | By Paxos

Funding to further Paxos dramatically helping financial institutions reduce settlement risk  New York, NY – May 31, 2018 – Paxos, a financial technology company and the first blockchain-powered trust, has closed a $65 million Series B round of financing. The round is led by a consortium of existing investors including Liberty City Ventures, RRE Ventures,… Read more »

Engineering Blog

Shrink your ops team by putting the Dev in DevOps

June 11, 2018 | By Shai Borochov

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. At Paxos, we run extensive microservice deployments in various environments on AWS – maintaining them at a high… Read more »

Press

Paxos Press Kit

May 31, 2018 | By Paxos

Click here to download Paxos Press Kit

Press

Paxos Continues Growth of Modern Settlement Platform with $65M Series B Funding

| By Paxos

Funding to further Paxos dramatically helping financial institutions reduce settlement risk  New York, NY – May 31, 2018 – Paxos, a financial technology company and the first blockchain-powered trust, has closed a $65 million Series B round of financing. The round is led by a consortium of existing investors including Liberty City Ventures, RRE Ventures,… Read more »

Press

DFS Continues to Support New York FinTech

May 17, 2018 | By Paxos

Paxos Trust Company LLC, an Existing DFS Licensee, is Now Authorized to Offer Bankchain Precious Metals Platform Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has authorized Paxos Trust Company LLC, formerly known as itBit Trust Company, to offer a permissioned, blockchain-based post-trade platform settlement service called Bankchain, and… Read more »

Engineering Blog

Should I Migrate to an Async Framework?

October 12, 2017 | By Paxos

The main problem with (traditional) synchronous code, is that processes hang while waiting for external data. Have you ever wondered “why do we need to provision yet another beefy AWS machine?” It may be because you’re not using your existing ones efficiently.

Engineering Blog

Blockchain 101 – Elliptic Curve Cryptography

August 15, 2017 | By Paxos

In this series of articles, I’m aiming to give you a solid foundation for blockchain development. In the last article, we gave an overview of the foundational math, specifically, finite fields and elliptic curves. In this article, my aim is to get you comfortable with elliptic curve cryptography (ECC, for short). This lesson builds upon… Read more »

Engineering Blog

Why aren’t distributed systems engineers working on blockchain technology?

August 1, 2017 | By Paxos

For the last 15 years, I have predominantly worked on Distributed Systems of various size and complexity. Over the last couple of years, I have become more interested in blockchain or Distributed Ledger Technology (DLT). Coming from a Distributed Systems background, it seemed natural to me to understand more about this innovative technology. So it’s… Read more »

Engineering Blog

Blockchain 101 – Foundational Math

July 6, 2017 | By Paxos

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. Add to that additional terms that look normal, but mean something specific to blockchain like “transaction”, “block” and “signature”.

Engineering Blog

Python 3’s Killer Feature: asyncio

June 21, 2017 | By Paxos

A massive debate in the python community about python2/3 has been raging for years. The main reason for python3 to diverge was to provide unambiguous types to handle unicode, strings and bytes (more here), but recently there’s been a bigger divergence that’s gone largely unnoticed. python3.4 introduced the asyncio module and python3.5 gave it a… Read more »

Repository Blog

Podcast: How Private Blockchains Can Streamline Capital Markets

June 13, 2017 | By Paxos

This post originally appeared on the Repository.

Repository Blog

Modern Trader names Paxos CEO Charles Cascarilla one of Fintech’s Top 50 Leaders

May 18, 2017 | By Paxos

Last year our CEO Charles Cascarilla was featured in Modern Trader, discussing early adoption and future applications of blockchain technology. In this month’s issue featuring 50 Top Fintech leaders, Modern Trader revisits Charles to talk about the explosion of blockchain interest in the fintech industry and how Paxos has evolved to become a leading company… Read more »

Engineering Blog

Write Fast Apps Using Async Python 3.6 and Redis

April 27, 2017 | By Paxos

One of the common complaints people have about python and other popular interpreted languages (Ruby, JavaScript, PHP, Perl, etc) is that they’re slow. A faster language would give better response times and reduce server costs.

Repository Blog

Euroclear Bankchain Service Processes 100,000 Gold Settlements

April 10, 2017 | By Paxos

NEW YORK and LONDON, April 10, 2017 — Euroclear, a trusted provider of post-trade services, and Paxos®, a financial technology company delivering pioneering blockchain solutions, are pleased to announce the successful completion of their second pilot for Euroclear Bankchain, the new blockchain settlement service for London bullion due to go live this year. The two… Read more »

Engineering Blog

dsert – Dictionary Assertion Library

March 23, 2017 | By Paxos

 

Engineering Blog

Podcast: How Private Blockchains Can Streamline Capital Markets

March 2, 2017 | By Paxos

There has been a lot of discussion around the value of financial applications of blockchain technology and where they are applicable in the industry. At Paxos, we are laser-focused on modernizing and enhancing post-trade settlement which we feel can significantly streamline how capital markets operate.

Engineering Blog

The Blockchain is Evolutionary not Revolutionary

February 23, 2017 | By Paxos

Many people across the technology and financial industries are dubbing blockchains as the greatest innovation since the Internet. However, a blockchain is comprised of a bunch of technologies that are actually pretty old. The biggest surprise when it comes to Bitcoin may be that it wasn’t invented a decade earlier using dial-up internet!

Repository Blog

Blockchain: Separating Hype from Substance Part Two

February 21, 2017 | By Paxos

This post originally appeared on the new Paxos Engineering Blog

Repository Blog

The Roadmap of Change for Collateral Management

February 14, 2017 | By Paxos

I contributed to an article written by Euroclear that analyses the significant shift in how banks, brokers and CSDs manage collateral. The article breaks the new collateral management process into four phases, exploring the impact of regulations, technological advancements, adoption/competition and standards. 

Repository Blog

Blockchain: Separating Hype from Substance

January 12, 2017 | By Paxos

This post is from the new Paxos Engineering Blog “Blockchain” has been a popular term in the financial industry over the last four years. Countless articles have been written about its benefits, how this innovative technology can change the way business is done and what it means for the future.

Repository Blog

First Real-World Implementations of Blockchain Post-Trade Settlement Will Arrive in 2017

January 5, 2017 | By Paxos

A great deal has been written and said about blockchain since it started to make headlines in early-2015. Thankfully, the hype curve that followed seems to be over and 2017 will be more about the delivery of the first real-world instances of this new technology. The time has arrived for us as an industry to move beyond proof-of-concepts… Read more »

Press

Euroclear Bankchain Completes First Market Pilot for Blockchain Gold Settlement

December 19, 2016 | By Paxos

NEW YORK and LONDON, Dec. 19, 2016 — Euroclear and Paxos™, a financial technology company delivering pioneering blockchain solutions, are pleased to announce the successful completion of the first pilot for Euroclear Bankchain, the new blockchain settlement service for London bullion due to go live in 2017. Over 600 OTC test bullion trades were settled on the Euroclear Bankchain platform… Read more »

Repository Blog

Blockchain Settlement: Regulation, Innovation and Application Whitepaper

December 1, 2016 | By Paxos

Euroclear recently released a 34-page paper exploring the regulatory and legal aspects of using distributed ledger technology (DLT) in post-trade settlement. Written with support from FinTech lawyers at Slaughter and May, Blockchain Settlement: Regulation, Innovation and Application focuses on the following three topics: 

Press

Paxos Appoints Former NYSE CEO Duncan L. Niederauer to Board of Directors

November 29, 2016 | By Paxos

NEW YORK, Nov. 29, 2016 — Paxos™, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, today announced the appointment of Duncan L. Niederauer, the former Chief Executive Officer of The New York Stock Exchange, to the company’s Board of Directors.

Repository Blog

Video: Blockchains, Smart Contracts and the Future of Data Standards

November 15, 2016 | By Paxos

I participated in a panel at the 2016 XBRL US Investor Forum that explored new disruptive technologies and how their emergence would impact data standards. Along with Campbell Pryde (CEO, XBRL US) and Christine Tan (co-Founder, idaciti), we discussed the following topics over a 30-minute panel discussion:

Repository Blog

Presentation: Blockchain and the Asset Management Industry

November 2, 2016 | By Paxos

Blockchain has come a long way from its roots in cryptocurrency, inspiring technologists and industries from healthcare to financial services to take a hard look at what disintermediation might look like in practice. If 2015 was the year of discovery, then the next two years will focus on proving the long-term viability of blockchain technology… Read more »

Repository Blog

Video: Learning from FinTech – Can We Fail Fast and Learn Fast?

October 19, 2016 | By Paxos

At Sibos 2016, Paxos’ Head of EMEA, Jason Nabi, joined a financial and tech industry experts from BAML, HSBC and Amazon Web Services, among others, on a panel called Learning from FinTech – Can we fail fast, and learn fast? The session focused on the theme of collaboration between FinTech companies and banks, addressing a… Read more »

Repository Blog

A Look Back at Sibos 2016

October 14, 2016 | By Paxos

Last month, the Paxos team joined the global financial community in Geneva for Sibos 2016. It was an action-packed week of productive meetings, informative sessions featuring industry experts (including our own Jason Nabi and Steve Wager) and the unveiling of our new blockchain settlement service for the gold market, Euroclear Bankchain. Below, we recap the… Read more »

Press

Paxos and EY Announce Collaboration on Blockchain Gold Settlement Service

October 11, 2016 | By Paxos

LONDON, Oct. 11, 2016 — Paxos™, a financial technology company delivering revolutionary blockchain solutions for the financial services industry, and EY, a global leader in assurance, tax, transaction and advisory services, today announced a new collaboration on the rollout of a next-generation blockchain settlement service that brings instant settlement and true DvP (Delivery versus Payment) to the gold… Read more »

Repository Blog

Capital Markets: Innovation and the FinTech Landscape Report

October 7, 2016 | By Paxos

EY, in conjunction with Innovate Finance, recently published a report on how the investment banking industry can benefit from collaborating with FinTech organizations to further their potential in the financial services ecosystem. Capital Markets: Innovation and the Fintech Landscape analyzes new and emerging technologies across the FinTech industry, including blockchain and distributed ledgers:

Press

Paxos & Euroclear Collaborating on Launch of Euroclear Bankchain for Gold Settlement in London Bullion Market

September 28, 2016 | By Paxos

GENEVA and NEW YORK and BRUSSELS, September 28, 2016 — Paxos, a financial technology company delivering revolutionary blockchain solutions for the financial services industry, and Euroclear, one of the world’s largest settlement houses, announced today that they are working on the development of a blockchain settlement service for the gold market, called Euroclear Bankchain.