Paxos Releases Ninth Monthly Attestation of PAX and USD Reserves

On May 31, 2019, Paxos issued its ninth monthly attestation of PAX and USD reserves. Each month, our independent auditor  reviews and attests to Paxos’ reserves. Click here to review the report.

As of May 31, 165,306,284.89 PAX tokens are in circulation and Paxos holds $165,306,284.89 dollars in reserve.

Paxos is committed to transparency and creating a global, frictionless economy. It is a chartered  Trust company regulated by the New York Department of Financial Services. Notably, PAX is the most liquid, fully-backed and regulated stablecoin available to customers today.

Company Profile

About Paxos
Paxos is the leading regulated blockchain & tokenization infrastructure platform. It’s redefining financial markets by building prudentially regulated solutions that enable the instant movement of any asset to anyone in a trustworthy way. 

CEO & Co-Founder

Charles Cascarilla is the CEO and co-founder of Paxos, a regulated blockchain infrastructure platform that enables the movement of all assets in a trustworthy way. With more than 20 years of experience in financial services, Charles has a unique perspective on integrating blockchain technology with traditional systems. He co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012.


Media Inquiries
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Paxos Brand Resources

Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital, PayPal Ventures