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 »

Repository Blog

Paxos Continues Growth Trajectory, Adds Seasoned Executives Nancy Dornbush as Global Head of Operations, and Dorothy Chang, VP of Marketing and Communications

August 16, 2018 | By Paxos

Paxos continues to grow and scale operations, having recently announced a $65M capital raise bringing us to $93M in total funding. On the heels of this milestone, we are excited to continue our momentum and announce the addition of two tenured team members. We welcome Nancy Dornbush as Global Head of Business Operations and Dorothy… Read more »

Repository Blog

Chad Cascarilla on Leaderships Strategies to Improve Company Culture

August 1, 2018 | By Paxos

Last week, Authority Magazine sat down with Paxos CEO and Founder, Chad Cascarilla, to gain insight into our company culture and how it’s been shaped over time. In the interview, Chad discusses the core values Paxos is built upon, how to promote collaboration and productivity among cross-functional teams, and how young startup founders can achieve… 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 Michael Flaxman

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 Jimmy Song

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 Rajesh Nair

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 »

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

Why Take-Home Tests are Awesome

May 11, 2017 | By Rajesh Nair

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. We’ve found it works really well, so we want to share our process and why we think it’s so effective. Our hiring process in one easy flow: phone interview, take-home test,… Read more »

Engineering Blog

The Blockchain is Evolutionary not Revolutionary

February 23, 2017 | By Michael Flaxman

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!

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.

Press

Revolutionary Blockchain Technology Firm, Paxos, Unveiled Today

September 13, 2016 | By Paxos

Flagship service, BankchainTM, delivers accelerated settlement times and significant cost savings

Repository Blog

Welcome to The Repository

May 11, 2016 | By Paxos

Excitement about blockchain technology continues to accelerate at a frenetic pace and nowhere is this enthusiasm stronger than in financial services. It is against this backdrop that we are releasing The Repository, a blog dedicated to covering how blockchain technology is transforming the financial industry.