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From Forbes. © 2020 Forbes. All rights reserved. Used under license.
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From The New York Times. © 2015 The New York Times Company. All rights reserved. Used under license.
Gold has always been a safe haven asset. When markets and geopolitical situations are unpredictable, investors flock to gold to minimize risk. Gold is a global asset independent from any fiat currency or government, it is a universally attractive store of value and it is timeless. And with gold-backed digital assets (like PAX Gold), it is now easier and faster than ever to get physical investment-grade gold.
For the second year in a row, Paxos has been named to CB Insights & Blockdata’s Blockchain 50 list! This distinguished list selects leading blockchain innovators based on factors such as business model, market potential, growth momentum and more.
Paxos was founded with the belief that market infrastructure needs to be modernized and accelerated because there is too much risk inherent in core utilities as they exist today. That’s why Paxos has been working for years on a solution to shorten settlement. We’ve successfully built a solution called the Paxos Settlement Service that settles trades on T+2, T+1 and T+0 – really, settlement on any cycle. That means, with Paxos, T+1 and T+0 are available today, not next year.
In the last several months, Paxos has hit a stage of development commonly known as “hypergrowth” due to the mainstream adoption of digital assets. Under heavy acceleration, tech companies need to rapidly evolve software systems from earlier-stage minimal viable products to enterprise-grade platforms that are scalable and reliable. These transformations are extremely challenging, and the challenges extend beyond software development to organizations as a whole.
Crypto is not just for early adopters anymore. Everyday consumers are approaching crypto as an opportunity to add value to their portfolios in the long-term.
We are proud to announce the launch of the Travel Rule Universal Solution Technology (TRUST), an industry-driven solution designed to comply with a requirement known
Crypto continues to trend towards mainstream adoption. To help quantify and better understand consumer behavior as it relates to crypto purchasing habits, Paxos conducted a statistically significant survey of crypto owners in late 2021.
Get a glimpse of the survey and key results here.
Paxos Welcomes Ben Gray as Global General Counsel as it Targets Powering One Billion Consumer Wallets in 2022
In February 2022, Paxos welcomed Ben Gray as its new Global General Counsel. Ben joins Paxos from Block (formerly Square) where he was Global General
Cryptocurrency prices are known to fluctuate – it’s a volatile and new asset class. That said, price changes are not indicative of the overall interest or adoption of crypto. On January 19, 2022 Paxos CEO and Co-Founder Charles Cascarilla sat down with CNBC’s Squawk on the Street to discuss the market and how investors should consider evaluating its potential.
On December 14 2021, Paxos hosted a master class on stablecoins to share the key information businesses need to know about stablecoins and how they’ll impact the future of finance.
We believe the future of finance will be powered by tokenized financial market infrastructure. Paxos aspires to enable all asset holders – from the largest financial institutions to the individual consumer – to transact assets with the highest levels of trustworthiness, transparency and speed. If last year was the tip of the iceberg, 2022 will reveal the prime time adoption of digital assets and financial services.
Thank you to our employees for helping make Paxos a Best Place to Work! We’re thrilled to announce that we have also been recognized as
On December 8, I testified to the U.S. House of Representatives Committee on Financial Services regarding digital assets and the future of finance. I took
This conflation in many people’s minds of T+0, Real-Time Gross Settlement (RTGS), and atomic settlement demonstrates just how misunderstood this topic really is. To be clear, T+0 simply means settlement on the same day as the trade, RTGS means settlement at the time of trading, and atomic settlement is the transfer of securities against cash (ie: delivery vs payment) at any settlement time. All of these should be embraced as opportunities that can create efficiencies, cut costs and protect our system from future market failures.
MercadoPago will offer its Brazilian customers the opportunity to buy, sell and hold Bitcoin, Ethereum and the Paxos-issued US dollar-backed stablecoin USDP. The offering is fully powered by Paxos’ leading blockchain infrastructure and our turnkey solution powering crypto for the largest tech companies and financial institutions in the world.