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About Paxos
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series D
Total Funding
$520.7M
Headquarters
New York City, New York
Founded
2012
Overview
Paxos is a fintech company that uses blockchain technology to improve financial markets by providing solutions for the settlement of securities and commodities. Its main products include the Paxos Standard (PAX), a stablecoin pegged to the US dollar for secure transactions, and Paxos Gold (PAXG), a digital token backed by physical gold. Paxos differentiates itself by integrating blockchain into traditional finance, aiming to enhance transparency and reduce costs. The company's goal is to modernize financial systems and make transactions faster and more efficient.
Simplify's Take
What believers are saying
- Acquisition of Membrane Finance expands Paxos' reach into the European stablecoin market.
- Partnership with Standard Chartered boosts credibility in stablecoin reserve management.
- Launch of Pax Gold futures with Deribit diversifies Paxos' product offerings.
What critics are saying
- Regulatory hurdles may delay Membrane Finance acquisition and EU market expansion.
- Pax Gold futures trading could increase exposure to market volatility and scrutiny.
- Potential PayPal acquisition may lead to strategic shifts affecting operations.
What makes Paxos unique
- Paxos bridges traditional finance and digital assets with regulatory compliance.
- Paxos offers stablecoins like PAX and PAXG, backed by USD and gold respectively.
- Paxos' blockchain infrastructure modernizes securities settlement, enhancing speed and efficiency.
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Funding
Total Funding
$520.7M
Above
Industry Average
Funded Over
5 Rounds
Founders FundIndustry standards
Benefits
Company Equity
Performance Bonus
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 0%Paxos has finalized its acquisition of Finnish company Membrane Finance, which launched the EU-based stablecoin EUROe. This acquisition allows Paxos to become a fully licensed Electronic Money Institution in the EU, based in Finland. Paxos aims to expand its product suite into Europe while ensuring compliance with MiCA regulations, enhancing its globally regulated platform to serve European customers safely and compliantly.
Deribit partners with Paxos to launch Pax Gold futures and options trading.
San Francisco, United States, December 2024 - Paxos, a regulated blockchain infrastructure company, has announced the appointment of Maria Chung as Chief People Officer.
Paxos, a leading blockchain and tokenization infrastructure platform, has joined forces with Standard Chartered to enhance the reserve management of its stablecoins, Global Dollar (USDG) and Lift Dollar (USDL).
Paxos, a prominent blockchain infrastructure firm, has announced plans to acquire Finnish stablecoin issuer Membrane Finance, pending regulatory approval.
Paxos is Hiring for 22 Jobs on Simplify!
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About Paxos
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series D
Total Funding
$520.7M
Headquarters
New York City, New York
Founded
2012
Paxos is Hiring for 22 Jobs on Simplify!
Find jobs on Simplify and start your career today