Press

Paxos Standard™ Quickly Achieves Global Adoption By Over 20 Top Crypto Exchanges And OTC Desks

October 15, 2018 | By Paxos

NEW YORK, Oct. 15, 2018 /PRNewswire/ Paxos® today announced that the Paxos Standard™ token (ticker symbol PAX) has achieved the fastest, widest institutional adoption of any digital asset, with support from over 20 top global exchanges and OTC desks within one month since its launch. Six of the top ten crypto exchanges, Binance, OKEx, Gate.io, ZB, KuCoin and… Read more »

Press

Binance lists Paxos Standard token (PAX)

September 21, 2018 | By Paxos

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). The announcement of the listing of PAX on Binance signifies a growing and immediate demand for a regulated stablecoin. Paxos issues and redeems PAX tokens one-to-one against U.S. dollars, giving… Read more »

Press

Paxos launches new stablecoin, Paxos Standard (PAX)

September 10, 2018 | By Paxos

Paxos today announced the launch of Paxos Standard™, the world’s first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services. As a digital asset, Paxos Standard can move instantaneously anywhere in the… 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 »

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