Paxos

Paxos

Blockchain solutions for financial transactions

About Paxos

Simplify's Rating
Why Paxos is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Series D

Total Funding

$535.3M

Headquarters

New York City, New York

Founded

2012

Overview

Paxos operates in the financial technology sector, focusing on blockchain solutions for financial markets. The company provides services related to digital assets and cryptocurrencies, including 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 also offers a settlement service designed to improve the efficiency of clearing and settling U.S. securities. Unlike many competitors, Paxos emphasizes partnerships with major financial entities and has a business model that includes transaction fees and custody services for secure digital asset storage. The goal of Paxos is to integrate blockchain technology into traditional finance to enhance transparency, reduce settlement times, and lower costs.

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Simplify's Take

What believers are saying

  • Paxos' EU expansion enhances its global reach and regulatory compliance.
  • Partnership with Standard Chartered boosts stablecoin reserve management.
  • Pax Gold futures attract institutional investors to digital gold.

What critics are saying

  • PayPal's acquisition may lead to strategic conflicts for Paxos.
  • EU expansion exposes Paxos to new regulatory challenges under MiCA.
  • Pax Gold futures could increase exposure to market volatility.

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.
  • Paxos modernizes securities settlement, reducing time and costs.

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Funding

Total Funding

$535.3M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$300M
Paxos

Benefits

Company Equity

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

0%
PYMNTS
Mar 11th, 2025
Stripe, Paxos Ceos Say Payments Ecosystem Needs Stablecoins And Blockchain But Not Cbdc

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

Kaupr
Feb 25th, 2025
Paxos Acquires Finnish Membrane Finance

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
Dec 16th, 2024
Deribit Partners With Paxos to Launch Pax Gold Futures and Options Trading

Deribit partners with Paxos to launch Pax Gold futures and options trading.

HR Today
Dec 14th, 2024
Maria Chung Appointed as Chief People Officer at Paxos

San Francisco, United States, December 2024 - Paxos, a regulated blockchain infrastructure company, has announced the appointment of Maria Chung as Chief People Officer.

Blockchain News
Dec 11th, 2024
Paxos and Standard Chartered Enhance Stablecoin Reserve Management

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).

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