In the economy of the not-too-distant future, tokenization will transform how we conduct asset valuations, transactions and ownership verifications. The revolutionary technology behind it encapsulates physical or digital assets as distinct cryptographic tokens on a blockchain.
Speedy and Safe Redemptions Demonstrate Power of Primary Prudential Regulation for Stablecoins NEW YORK - March 17, 2023 - Paxos, the leading regulated blockchain and tokenization infrastructure platform, has facilitated…
Cross-border payments, or currency transactions between people and businesses from different countries, are ripe for innovation.
Working at a remote-first company laser-focused on bold and beneficent ambitions can be exciting. Each day our diverse team reaches across time zones to push forward our mission of replatforming the financial industry’s infrastructure, making it more inclusive, open and secure.
Paxos is the sole issuer of BUSD, the US dollar-backed stablecoin regulated by the New York State Department of Financial Services (NYDFS) on Ethereum.
Earlier today, Paxos sent the following update to its customers. The crypto industry is currently facing a tumultuous period. Amidst the ambiguity and turmoil, we want to provide transparency and…
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.
We’re pleased to partner with Floating Point Group to streamline how financial institutions can get access to USDP and BUSD, the regulated stablecoins from Paxos. Floating Point Group is a cryptocurrency prime brokerage with an institutional trading desk and an advanced settlement platform.
FDIC Pass Through Insurance Disclosures The primary depository account that holds fiat cash is protected by FDIC insurance up to $250,000 for each account ownership category. Paxos maintains FDIC-insured deposits for…
The most important features of any financial product are its clarity, certainty and transparency. These features define both its utility and its safety. In the case of stablecoins, users should know what they own and outside observers should have a window into the activities of any firm holding reserves. Paxos follows the NYDFS guidelines for portfolio management at all times.
I've spent a lot of time in the last three months talking, writing and educating about stablecoins. The main takeaway I’ve focused on is that stablecoins - as a financial product - are really nothing new.
© 2023 Paxos Trust Company, LLC All Rights Reserved. NMLS #1766787
From Forbes. © 2020 Forbes. All rights reserved. Used under license.
From Fortune. © 2020 Fortune Media IP Limited All rights reserved. Used under license.
From The New York Times. © 2015 The New York Times Company. All rights reserved. Used under license.
