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Despite the lasting impacts of a crypto winter, it’s clear that the financial services industry recognizes blockchain and digital asset technology as powerful tools for the future of finance.
Paxos, the regulated blockchain and tokenization infrastructure platform, crossed ten million active end user digital wallets globally. Despite widespread market uncertainty, Paxos has demonstrated clear growth through customer-backed support.
Working at a remote-first company laser-focused on bold and beneficent ambitions can be exciting. Each day our diverse team reaches across time zones to push forward our mission of replatforming the financial industry’s infrastructure, making it more inclusive, open and secure.
The mere mention of a bear market tends to sour both enterprise and consumer outlooks. When viewed historically, bear markets come cyclically, as is the nature of markets. It is worth noting that for every bear market, there normally awaits a bull market teeming with opportunities. Then why are so many of us overwhelmed by the idea of a bear market?
The financial services industry recognizes blockchain and digital asset technology as powerful tools for the future of finance. But industry shake-ups like the downfall of Terra, the collapse of FTX and Alameda and the ultimate ripple effects created by those failures created a feeling of uncertainty in an already trepid crypto winter.
In my previous post, I outlined the Paxos vision for Web3 technologies and how our engineers are building infrastructure for the future financial system. This long-term vision comes with an understanding that the best has yet to come and our systematic regulation-first approach will yield results in the not-so-distant future.
Recent events in the digital asset marketplace have impacted the industry in ways that were difficult to fathom only months ago. As more facts come into focus, it’s an opportune time to reflect on the road ahead.
In many ways, the last few weeks in the digital asset industry have felt more like a few years. When the history of finance is written, recent events may make up the bulk of last year’s industry headlines, and rightfully so, but it’s also important to highlight other but important events from 2022.
Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act 2019. Paxos is the first US-based blockchain infrastructure platform to secure the license as a Major Payments Institution.
In partnership with Paxos, Mastercard's financial institution partners will gain access to a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with proven identity, cyber, security and advisory services. This Crypto Source offering is complemented by Mastercard Crypto SecureTM to bring additional security to the crypto ecosystem and support card issuers in their compliance with complex regulations.
Last year marked the first time Paxos hosted a booth at Money 20/20’s annual event in Las Vegas, and it was such a resounding success we’ve decided to do it again this October 23-26.
Paxos is seeking staff engineers and engineering managers to join us on our mission to build a new financial infrastructure for the economy of tomorrow. Our blockchain solutions tokenize, custody, trade and settle assets for enterprise clients, enabling the trustworthy and instantaneous movement of any asset, at any time.
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