Paxos Will Halt Minting New BUSD Tokens
Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD.
Paxos Launches Engineering Research & Development Center of Excellence in Israel
Paxos, the most comprehensively regulated blockchain and tokenization infrastructure platform, announced it is launching an engineering research & development center of security and cryptography excellence in Israel.
Paxos Responds to Financial Stability Board’s Recommendations of the Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements
On December 15, 2022, Paxos, the leading regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best to safely oversee a global, fiat-backed stablecoin and its issuer.
Paxos Risk & Liquidity Management Programs Protect Customers During Market Volatility
On December 13, 2022, Paxos, the leading regulated blockchain and tokenization infrastructure platform, demonstrated how our prudentially regulated operational and liquidity risk management programs respond to heightened market activity and seamlessly delivered requested customer funds.
Paxos Secures Major Payments Institution License from Monetary Authority of Singapore
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.
Mastercard to bring crypto trading capabilities to banks
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.
EDX Markets Partners with Paxos for Digital Asset Custody Services on New Exchange
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 Launch of the First-Ever Industry Partnership
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 Sees Interest in Digital Assets Growing Faster in Latin America Than Any Other Region
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 Launches Exchange Service that Allows Users to Buy, Sell and Hold Cryptocurrency
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 Leads Digital Asset Industry by Becoming First Issuer to Disclose Full Monthly Reserve Holdings Backing USDP and BUSD Regulated Stablecoins
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 Works with Paxos to Introduce Cryptocurrency Trading and Educational Resources
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.