Regulation first. That has always been the sentiment throughout Paxos. It’s even more relevant as we build new products and scale our programs. Paxos set the stage for regulatory oversight in this market as we secured the first Limited Purpose Trust Company under the New York Department of Financial Services for digital assets, have conditional approval of a de novo national Trust Bank under the OCC, and will soon apply for full clearing agency registration from the Securities and Exchange Commission.
In April, Paxos raised $300 million at a valuation of $2.4 billion in its series D investment round. As one of the fastest growing fintech startups, Paxos continues to accelerate growth and is hiring new team members across all functions.
In 2021, Paxos will double the size of its team. We have a robust pipeline of sales opportunities and an ambitious product roadmap – these
During Women’s History Month, Paxos celebrated some of its remarkable women driving impact across our company and products. These individuals have demonstrated strength, leadership, and
Paxos is a financial institution operating in an emerging industry. Client asset safety is our top priority. Today in Women’s History Month, our InfoSec Compliance
2020 was a year of uncertainty around the world, but Paxos has continued to grow and we have added 63 new team members. James Hartley,
Since the start of the pandemic, Paxos has grown our team by a remarkable 35% and added 63 new team members. We expanded across all functional teams since March 2020, hiring the most individuals in our engineering, operations and legal/compliance groups. We’re also proud that growth was not centralized only at our NYC headquarters. We expanded internationally and added to our teams in our London and Singapore as well.
After recent market activity led to institutional and retail brokerages restricting trading on highly volatile stocks like GameStop, the systemic risks caused by the legacy
I am excited to announce that Mike Dudas will join Paxos on February 9 as VP, Head of Stablecoin Business Development. We’ve known Mike for some
As a financial technology firm, Paxos has an ambitious mission to bring technology and product innovation to the regulated financial services industry. We’re building the
In 2020, Paxos launched the Paxos Settlement Service, a blockchain-based network that allows two parties to bilaterally settle US listed securities trades directly with no
2020 has been a tremendous year for crypto, with prominent companies and investors jumping into the industry. PayPal is arguably one of the most important
In the last Paxos Employee Spotlight, Paxos Compliance Officer Ed Luo shared why he joined Paxos and his responsibilities here. Today, we invite our Deputy
What is Paxos and what do we do? From the news, you might know we power crypto for PayPal, are facilitating U.S listed equities settlement for Credit Suisse,
This is a continuation – to read the first four misconceptions, click here. It’s been two months since I started at Paxos, and I’m glad
Before starting at Paxos, I had a lot of preconceived notions about working at a company that uses words like crypto and blockchain to describe
Paxos occupies a unique position in the financial services industry as a regulated financial institution that is also technology focused. As a regulated Trust company
By Andrew Chang, Chief Operating Officer Most organizations have a set of core values of some kind. For some, these values are used to guide