I’m excited to share that Paxos has taken another significant step towards strengthening our culture of compliance and oversight with the announcement that Carolina Ceballos has joined the company as our first dedicated Chief Compliance Officer. As Chief Compliance Officer, Carolina will ensure Paxos meets its global regulatory obligations and that we continue to act as a trusted partner for clients on all compliance issues.
Carolina joins Paxos with more than 15 years of experience in the field, having provided strategic leadership to teams responsible for developing, implementing and enhancing compliance programs at Facebook Payments (Meta) and Western Union among others. She brings a deep knowledge of the international regulatory frameworks having served as a regulator with the French Supervisory Authority (ACPR).
Paxos is a regulation-first company. While others often claim a commitment to compliance and oversight, Paxos is leading the blockchain infrastructure industry by building trustworthiness into the DNA of our products and culture. Our credentials speak to our regulation first approach. We are directly regulated by the New York Department of Financial Services, we have conditional approval for a National Trust Charter from the U.S. Office of the Comptroller of the Currency, conditional approval for a license under the Payment Services Act from the Monetary Authority of Singapore, and we’re pursuing additional efforts to enhance our regulatory stack. As we uphold the highest standards and rigor for our compliance program, our clients can rest calmly knowing that Carolina’s stewardship will ensure that Paxos remains the safest and most reliable blockchain infrastructure company in the market.