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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series D
Total Funding
$535.3M
Headquarters
New York City, New York
Founded
2012
Paxos is a fintech company that uses blockchain technology to improve financial markets by providing solutions for settling securities, commodities, and other transactions. 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.
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Total Funding
$535.3M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Company Equity
Performance Bonus
Mahe, Seychelles, April 04, 2025 (GLOBE NEWSWIRE) - BitMart, a global leader in cryptocurrency trading, is proud to announce its strategic partnership with Paxos, the issuer of Global Dollar (USDG), through its participation in the Global Dollar Network (GDN).
J. Christopher Giancarlo, the former Chairman of the Commodity Futures Trading Commission (CFTC) and a recognized advocate for cryptocurrency, has been appointed to the board of Paxos.
Payment stablecoins, blockchain and other digital innovations, including tokenization, will enable more efficient money movement across the globe, while ensuring primacy of the U.S. dollar in transactions and trade, executives and other industry experts told lawmakers Tuesday (March 11). During testimony and under questioning by representatives of the House Financial Services Committee, witnesses at the nearly four-hour hearing also contended that it is the private sector — and not a central bank-created CBDC — that will expand financial services and the benefits of digital dollar options to the world at large. Chairman Rep. French Hill, R-Ark., said during his opening remarks: “The evolution of payment stablecoins and their increasing adoption beyond the digital asset ecosystem reflect broader modernization efforts in the U.S. and global payments landscape,” noting that the offerings streamline cross-border payments
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.
$79k - $93k/yr
New York, NY, USA
$80k - $95k/yr
Remote in USA
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People & HR
3 Open Roles
Discover companies similar to Paxos
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series D
Total Funding
$535.3M
Headquarters
New York City, New York
Founded
2012
$253.3k - $298.1k/yr
Remote in USA
$79k - $93k/yr
New York, NY, USA
$80k - $95k/yr
Remote in USA
Find jobs on Simplify and start your career today
People & HR
3 Open Roles
Discover companies similar to Paxos