Paxos provides enterprise-focused crypto infrastructure and white‑label services, including trading and settlement, custody, token issuance, and an exchange. The company issues the Paxos Standard stablecoin (PAX), enables branded stablecoins such as Binance’s BUSD, and offers PAX Gold. Paxos partners with large enterprises including PayPal (and Venmo), Revolut, Crédit Suisse, Société Générale and StoneX. It emphasizes regulatory compliance across geographies and verticals to attract enterprise clients. Paxos recently raised funding that values the company at $2.4 billion and is using capital to expand its regulated offerings and product suite. Paxos is a regulated financial institution that builds blockchain infrastructure to enable tokenization, custody, trading and settlement of assets. Its technology makes it possible to tokenize, custody, trade and settle assets and to move money, commodities and securities instantaneously, 24/7. Paxos offers crypto solutions for enterprises, crypto trading, and settlement solutions for securities and commodities. Clients include PayPal, Credit Suisse, Societe Generale, StoneX and Revolut. Led by CEO and co-founder Charles Cascarilla, the company has offices in New York, London and Singapore. Paxos says it will use the new capital to accelerate growth, including scaling its operations and platform capacity. Paxos provides a blockchain-powered settlement platform that can both digitize an asset and settle a trade in the precious metals and securities asset classes. The company is led by CEO Charles Cascarilla and COO Andrew Chang. Paxos closed a $65M Series B and has raised $93M in capital to date. The new resources are being used to scale operations and expand adoption of its platform in the equities and precious metals markets. The company is based in New York, NY. Paxos is focusing on growing its platform adoption across the asset classes it supports.

Total raised

$507M

Funding rounds

3

Latest round

Series D

Latest activity

Apr 2021