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Paxos in 2020 – A Year in Review

Earlier today, we announced our $142 million Series C fundraise, which was a satisfying capstone to everything Paxos has achieved this year. Read ahead for our look-back on our biggest year ever. (Infographic ahead, followed by all the text from the image for accessibility.)

 

In 2020 alone, our tokenized assets (US dollar-backed stablecoins PAX, BUSD and HUSD, as well as gold-backed PAX Gold) grew 295%. This indicates a greater demand for asset-backed tokens that have real-world value and are mobile, global and 24/7.

January

Started the year with $406,460,608 in tokenized assets under custody

February

Launched Paxos Settlement Service with Credit Suisse, Instinet & Societe Generale.

April

Introduced the new Paxos account experience as a unified platform to seamlessly manage currency, crypto & gold.

June

Representing the industry, Paxos CEO & Co-Founder Charles Cascarilla testified to the US Senate Banking committee on the digitization of money.

July

August

Secured Greenlist status” in New York so PAX, BUSD and PAXG can be offered by any NYDFS-licensed entity without regulatory approval.

September

October

PayPal launches crypto buying, holding & selling powered by Paxos Crypto Brokerage.

December

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Thank you for joining us on our trip down memory lane. Ready to look forward? Read this blog post on the Paxos strategy for 2021.

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