I’m thrilled to share that Paxos has closed its Series C investment round and raised $142 million, bringing our total funding to more than $240 million. We are honored to have the support of our lead investor Declaration Partners, as well as new investors Mithril Capital, PayPal Ventures, RIT Capital…

I am very excited to announce that Paxos is powering PayPal’s new service enabling its US users to buy, hold and sell cryptocurrency directly from their PayPal digital wallet. This news includes many firsts and has huge implications for the PayPal community, the crypto industry and, of course, Paxos. For…

Twenty years ago, the advent of electronic trading and resulting regulatory changes completely changed the equities industry. It opened up access for institutional and individual traders to be able to trade any stock in real-time with better execution. Trading became much more efficient and dynamic, and this led to a…

As a modern society, we take for granted our current notion of money and how it works. But the concept of money is actually quite malleable and has gone through many notable shifts as we have innovated on financial and payments systems. For example, the proliferation of digital banking has…

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 proud to today that we are powering the crypto solution for a fintech leader and first-mover in this space, Revolut. One of the biggest and…

When people learn that Paxos is a regulated financial institution, they tend to think of a bureaucratic organization that moves slowly. In fact, that’s the of who we are and how we operate. …

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 private blockchain platform that makes true delivery-versus-payment settlement possible for two parties trading U.S. equities. …

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 Gold has the flexibility and accessibility of crypto assets, while representing physical, secure, vaulted gold–without storage fees. We think this solves the fundamental contradiction in…

At Paxos, we believe crypto and blockchain will transform the way value and assets move around the world. We also understand that in order to enable that transformation in the world of finance — and succeed — we must adhere to regulation or suffer the fate of companies like Mt…