Last week, Mastercard introduced Crypto SourceTM, a new program enabling financial institutions to bring secure crypto trading capabilities and services to their consumers.
In partnership with Paxos, Mastercard's financial institution partners will gain access to a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with proven identity, cyber, security and advisory services. This Crypto Source offering is complemented by Mastercard Crypto SecureTM to bring additional security to the crypto ecosystem and support card issuers in their compliance with complex regulations.
Paxos, the leading regulated blockchain infrastructure platform, confirms the Paxos Settlement Service has settled nearly $50 billion in total commodities. The Paxos Settlement Service for Commodities streamlines the settlement process to handle all complexity for market participants across gold, silver, platinum and palladium.
Last year marked the first time Paxos hosted a booth at Money 20/20’s annual event in Las Vegas, and it was such a resounding success we’ve decided to do it again this October 23-26.
Paxos is seeking staff engineers and engineering managers to join us on our mission to build a new financial infrastructure for the economy of tomorrow. Our blockchain solutions tokenize, custody, trade and settle assets for enterprise clients, enabling the trustworthy and instantaneous movement of any asset, at any time.
As Paxos continues to build the financial infrastructure for a more secure and open economy, we also continue to forge relationships across the crypto landscape to bring awareness and value to that vision.
EDX Markets (EDXM), a first-of-its-kind digital asset exchange backed by leading financial institutions, and Paxos, the premier regulated blockchain infrastructure platform, have announced a partnership that will enable institutional custody of traded assets for EDXM clients, and provide Paxos customers with direct access to this new state-of-the-art ecosystem. With Paxos’ support, EDXM will offer the most trusted, efficient and liquid cryptocurrency exchange on the market.
The Tokenized Commodities Council (TCC) announces the formation of its not-for-profit trade association with a mission to educate the financial services industry on the benefits of tokenized commodities and the rapid growth of this new asset class. While critical to the global financial system, few technological innovations have emerged to bring efficiency and speed to this market. Tokenized assets will change this dynamic.
As financial leaders around the world look to fortify business models with an eye toward future innovations, many are turning their attention towards digital assets and crypto markets.
Rewards programs have been around for decades and are known to be widely popular with customers across competitive markets. And while brand loyalty is valuable, it can also be fickle, and customers are constantly looking for new ways of getting value.
After years of planning, work, and anticipation, all it took was 15 minutes for the network upgrade known as the Ethereum Merge to be complete, joining the existing execution layer of Ethereum with its new proof-of-stake consensus layer, known as the Beacon Chain.