Company
About Us
Today’s financial infrastructure is archaic, expensive and risky—supporting a system that leaves out more people than it lets in. So we’re rebuilding it.
Paxos is redefining financial infrastructure. Our blockchain solutions tokenize, custody, trade and settle assets for enterprise clients, enabling the trustworthy and instantaneous movement of any asset at any time. As the economy evolves more rapidly than ever before, we are committed to the innovation that will make its new financial system a reality – and by working within regulatory frameworks, we’re creating an ecosystem built with integrity.
We encourage the financial industry to service transparently, raise the bar and discover new ways to serve more people.
Our Clients
Paxos is a top-funded blockchain company with more than $500 million in total funding from leading investors like OakHC/FT, Declaration Partners, Mithril Capital and PayPal Ventures. Our clients are leading global enterprises.
What We Do
Paxos builds blockchain solutions to tokenize, custody, trade and settle assets for enterprise partners.
Crypto For Enterprises
Turnkey APIs to enable crypto capabilities and whitelabel stablecoins.
Crypto For Investors
Regulated tokenized assets and digital asset exchange to enable digital asset trading for institutions.
Settlement for Institutions
Blockchain-based settlement for securities and commodities.
Our History
Our blockchain-based infrastructure bridges traditional markets with digital asset ecosystems. Our regulatory-first approach is non-negotiable and has enabled us to pioneer many landmark accomplishments in the crypto and blockchain space:
2012
Launched the first regulated crypto exchange, itBit
2015
First company to secure a New York State Department of Financial Services Trust Charter for Digital Assets
2018
Issued the world’s first regulated stablecoin, PAX (now rebranded as USDP)
2019
Issued the world’s first regulated gold-backed token, PAX Gold
2019
First & only company to receive SEC permission to pilot using blockchain technology to settle stock trades
2021
First crypto-native company to receive preliminary approval for a de novo national Trust Bank charter
2012
Launched the first regulated crypto exchange, itBit
2015
First company to secure a New York State Department of Financial Services Trust Charter for Digital Assets
2018
Issued the world’s first regulated stablecoin, PAX (now rebranded as USDP)
2019
Issued the world’s first regulated gold-backed token, PAX Gold
2019
First & only company to receive SEC permission to pilot using blockchain technology to settle stock trades
2021
First crypto-native company to receive preliminary approval for a de novo national Trust Bank charter
Core Values
We hold ourselves to a high standard to impact the world in a positive way.
We operate by these principles:
Search for the Truth
We obsess over the right answers to the right questions
Real-Time Candor
We communicate directly and honestly with each other
Shared Commitment to Excellence
We are relentlessly self-improving
Be an Owner
We drive results, even outside our roles
Our Board
Sheila Bair
Former Chairman of the FDIC, 2006-2011
TIME Magazine’s 100 Most Influential People
Consumer Federation of America’s Public Service Award
Bill Bradley
Managing Director of Allen & Company
Former U.S. Senator for New Jersey, 1979-1997
Former Chairman of the Senate Finance Committee
Patricia Kemp
Co-Founder & Managing Partner, Oak HC/FT
Former Venture Partner at Oak Investment Partners
Institutional Investor’s FinTech Finance 40 list
Jim Manzi
Former Chairman of Thermo Electron, 2005-2020
Former Chairman, President, and CEO of Lotus
Development Corporation, 1984-1995 (acquired by IBM)
Scott Malpass
Former Chief Investment Officer, University of Notre Dame
Board member, TIFF Investment Management
Board member, The Vanguard Group, Inc
Brian Stern
Partner with Declaration Partners LP
Former Head of Strategic Investments at Stone Ridge
Former Head of Private Markets at BlackRock