Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act 2019. Paxos is the first US-based blockchain infrastructure platform to secure the license as a Major Payments Institution.
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.
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.
Paxos, the leading regulated blockchain infrastructure platform, published “What’s Driving the Immense Growth of Crypto in Latin America?”, a new white paper that delves into the consumer and market trends fueling adoption of digital assets in the region. Following the successful integration of crypto into numerous Latin American fintech apps like Mercado Libre, Nubank, PicPay and others, Paxos sought to understand the drivers behind the region’s robust embrace of cryptocurrency. Crypto usage in Latin America has increased by 1370% from 2019-2021, according to Chainalysis.
PicPay, the leading payment app in Brazil, now allows its users to buy, sell and hold cryptocurrencies, in its first foray into crypto and Web3 market. Today, PicPay launches its cryptocurrency exchange service, which will enable the trading with Bitcoin and Ethereum, the two main digital currencies in the world, as well as with USDP, the regulated US dollar-backed stablecoin from Paxos.
Paxos, the leading regulated blockchain infrastructure platform, has disclosed the specific financial instruments backing its regulated stablecoins USDP and BUSD. Moving forward, Paxos will provide these detailed disclosures on a monthly basis in addition to its attestations.
Plynk, an investment app for new investors, announced the launch of Plynk CryptoTM, allowing app users to trade and hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) via Paxos Trust Company beginning today.
Paxos was the first Limited Purpose Chartered Trust for Digital Assets from NYDFS in 2015 NEW YORK – June 8, 2022 – Paxos, the leading regulated blockchain infrastructure platform, issued…
New feature gives broker-dealers the infrastructure to allow financial advisors to trade crypto for clients NEW YORK – June 7, 2022 – Paxos, the leading regulated blockchain infrastructure platform, announced…
Using Paxos Settlement Service, State Street and Credit Suisse can respond to the SEC request for pathways to T+0 settlement New York, May 17, 2022 – Paxos, the regulated blockchain…