Paxos Continues Growth of Modern Settlement Platform with $65M Series B Funding

Funding to further Paxos dramatically helping financial institutions reduce settlement risk

Paxos Continues to Further Finance and Develop New Settlement Approach

• Increased Client Adoption — Paxos continues to attract client adoption of its settlement platform both in the equities and precious metals market through its technology. This marks the first time blockchain technology is being deployed on a mainstream and real-time scale with many financial institutions and market participants who are leveraging it for their settlement needs.

• Unique Offerings — Currently, Paxos enables the precious metals and securities asset classes. As the first blockchain-powered trust, Paxos is the only company that can both digitize an asset and settle a trade. This regulated trust status is an essential capability to reduce risk in the system and evolve financial infrastructure.

About Paxos

Paxos is a financial technology company and the world’s first blockchain-powered trust. As a modern-day settlement platform, the company’s mission is to unlock capital and create value through products that simplify settlement and eliminate risk.