NEW YORK, September 13, 2016 — Paxos, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, today unveiled its new brand. The name Paxos is inspired by a technical term that represents a process for reaching consensus. The name underscores the company’s goal to leverage consensus-driven blockchain technology in transforming the way global financial institutions work together.
“Increasingly, the financial services industry is embracing the transformative potential of blockchain technology. Paxos is making that potential a practical reality,” said Paxos CEO Charles Cascarilla.
The Paxos team — whose leadership launched itBit, the innovative crypto-currency trading platform — consists of experienced financial services professionals with post-trade and market infrastructure expertise, leading technologists and engineers. The company has offices in New York, London and Singapore, providing a strong presence in key global financial centers as it continues to grow its staff and services across capital markets.