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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
Everything is energy, including money, which is just a fungible form of energy. If energy is the ability to do work, money is the fungible ability to make like-for-like decisions about whether to consume energy today or defer consumption by investing that energy.
Of the five main attributes of money, openness is the most important one because it dictates the limit on how many participants comprise the network and therefore how much utility that network can serve. Today’s modern fiat banking system is the dominant system, yet it is still closed to billions of people around the world. Society stands to gain advantages in access, autonomy, privacy, greater innovation and lower fee structures with a more open system system.
Trust is fundamental to the success of both crypto and blockchain. Hear from my perspectives on what it takes to build tomorrow’s financial infrastructure.
Cryptocurrency is becoming an inevitable part of the financial system. The largest companies and central government entities are now invested too.
We are witnessing the fallout from an overwhelmed settlement system – but Paxos has a solution
Paxos has closed its Series C investment round and raised $142 million, bringing our total funding to more than $240 million.
Paxos is powering PayPal’s new service enabling its US users to buy, hold and sell cryptocurrency directly from their PayPal digital wallet.
Paxos is upgrading clearing and settlement to meet the speed and efficiency of trading. Starting in the US with Street-side US equities settlement, Paxos has built a platform designed to alleviate market participants’ core concerns with the legacy infrastructure they rely upon today. Our solution, Paxos Settlement Service, is built with the latest technology and modern thinking about how financial infrastructure should operate.
Ultimately, money is a very specific form of asset ledger that serves as a means of payment. The money ledger is foundational to a capitalist financial system as the unit of account that everything in the economy is denominated against and from which intertemporal decisions are made.
Lately, more and more mainstream consumer applications are adding digital assets to their offerings – from Square’s Cash app to Robinhood to Facebook’s Novi. We’re
We’re a nimble, innovative company pursuing an ambitious mission to bring technology and product innovation to the regulated financial services industry by building the bridge to an open, decentralized financial system.
Today I’m excited to announce that we’ve received No-Action relief from the SEC Staff to introduce the Paxos Settlement Service. Paxos Settlement Service is a
We are proud to introduce PAX Gold, the first regulated digital asset backed token that represents premium gold bars. Designed as an ERC-20 token, PAX
Today, I am excited to announce that Dan Burstein has joined Paxos as our General Counsel and Chief Compliance Officer. While Dan has been with