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 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.

Simplify Jobs

Simplify's Take

What believers are saying

  • Paxos' acquisition of Membrane Finance expands its EU market presence.
  • Increasing demand for stablecoins benefits Paxos' Global Dollar Network involvement.
  • Blockchain integration in finance aligns with Paxos' mission to modernize settlements.

What critics are saying

  • Regulatory scrutiny in the U.S. and EU could impact Paxos' operations.
  • Increased competition from stablecoin issuers like Circle and Tether.
  • Cryptocurrency market volatility may affect Paxos' digital asset adoption.

What makes Paxos unique

  • Paxos bridges traditional finance and digital assets with regulatory compliance.
  • Paxos offers unique products like Paxos Standard and Paxos Gold.
  • Paxos' partnerships with major financial entities enhance its market credibility.

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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

-2%

1 year growth

-2%

2 year growth

0%
Montreal Gazette
Apr 4th, 2025
BitMart Joins Global Dollar Network to Advance Trusted Stablecoin Adoption

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).

Neuron
Mar 30th, 2025
J. Christopher Giancarlo Joins Paxos Board to Enhance Digital Asset Services

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.

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.

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Paxos is Hiring for 26 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Paxos's jobs every few hours, so check again soon! Browse all jobs →

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