NEW YORK – February 4, 2025 - Paxos, the leading regulated blockchain and tokenization infrastructure platform, today announced it has completed its acquisition of Membrane Finance (Membrane), an Electronic Money Institution (EMI) based and licensed in Finland. The acquisition received regulatory approval, making Paxos a fully licensed EMI in Finland and the EU. 

Paxos issues trusted USD-backed stablecoins. These digital assets are available to retail and institutional users in various markets around the world. This acquisition allows Paxos to expand its globally regulated platform to serve European customers in a safe and compliant way. Specifically, Paxos will make its portfolio of assets and tokenization solutions compliant with Markets in Crypto Asset (MiCA) regulations. 

About Paxos
Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. Paxos is licensed to engage in virtual currency business activity by the NYDFS and is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Its affiliate company Paxos International issues the yield-bearing regulated stablecoin Lift Dollar (USDL). Paxos Singapore is the issuer of Global Dollar (USDG), a USD-backed stablecoin that powers the Global Dollar Network and is compliant with the MAS upcoming stablecoin framework. Prudentially regulated by the NYDFS in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.

Contact: press@paxos.com