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Paxos has closed its Series C investment round and raised $142 million, bringing our total funding to more than $240 million.
Paxos is powering PayPal’s new service enabling its US users to buy, hold and sell cryptocurrency directly from their PayPal digital wallet.
Paxos is upgrading clearing and settlement to meet the speed and efficiency of trading. Starting in the US with Street-side US equities settlement, Paxos has built a platform designed to alleviate market participants’ core concerns with the legacy infrastructure they rely upon today. Our solution, Paxos Settlement Service, is built with the latest technology and modern thinking about how financial infrastructure should operate.
Ultimately, money is a very specific form of asset ledger that serves as a means of payment. The money ledger is foundational to a capitalist financial system as the unit of account that everything in the economy is denominated against and from which intertemporal decisions are made.
Lately, more and more mainstream consumer applications are adding digital assets to their offerings – from Square’s Cash app to Robinhood to Facebook’s Novi. We’re
We’re a nimble, innovative company pursuing an ambitious mission to bring technology and product innovation to the regulated financial services industry by building the bridge to an open, decentralized financial system.
Today I’m excited to announce that we’ve received No-Action relief from the SEC Staff to introduce the Paxos Settlement Service. Paxos Settlement Service is a
We are proud to introduce PAX Gold, the first regulated digital asset backed token that represents premium gold bars. Designed as an ERC-20 token, PAX
Today, I am excited to announce that Dan Burstein has joined Paxos as our General Counsel and Chief Compliance Officer. While Dan has been with
We’re thrilled to announce that today we launched the Paxos Standard token, a new digital asset that is collateralized 1:1 with the U.S. dollar.
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.