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Full-Time

Product Lead

Blockchain & Defi

Posted on 6/27/2024

Paxos

Paxos

201-500 employees

Blockchain-based financial services and digital assets

Fintech
Crypto & Web3

Senior, Expert

Remote in USA

Category
Product Management
Product
Required Skills
Communications
Blockchain
Requirements
  • Over 8 years of experience in a Product Management role, including time spent in DeFi/crypto companies.
  • Deep knowledge of and existing relationships with various players in the crypto ecosystem, including DeFi projects, centralized exchanges and blockchain protocols.
  • Proven track record of building high-growth products and directly contributing to their growth.
  • Excellent communication skills, polished, articulate and credible in both business and social settings.
  • Extensive experience working closely with commercial teams and customers through all stages of the product development lifecycle.
  • Experience or domain expertise in fintech and payments is beneficial.
  • Strong intellectual curiosity about new products, businesses and technologies.
  • Eagerness to work openly and collaboratively with a diverse, remote-first team.
Responsibilities
  • Lead 0 to 1 efforts in building new products in DeFi.
  • Create and implement a Product and GTM strategy tailored for adoption of Paxos products in the crypto ecosystem.
  • Collaborate closely with key stakeholders across departments to ensure seamless execution of the ecosystem growth strategy.
  • Become a domain expert in DeFi and blockchain communities, contributing to the crafting of forward-looking strategies.
  • Ruthlessly prioritize and direct the team's efforts towards the most promising opportunities.
  • Own the end-to-end design, development, and rollout of new products and blockchains for tokenized assets.
  • Leverage leadership and communication skills to drive action across technical, commercial, and regulatory stakeholders.
  • Contribute to the growth of the product team culture and processes.

Paxos focuses on using blockchain technology to enhance 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. The company differentiates itself by combining transaction fees, custody services, and partnerships with major financial entities to generate revenue. Paxos aims to integrate blockchain into traditional finance to improve transparency, reduce settlement times, and lower costs.

Company Stage

Series D

Total Funding

$540.2M

Headquarters

New York City, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

-14%

1 year growth

-16%

2 year growth

-10%
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Simplify's Take

What believers are saying

  • Paxos' partnerships with major financial institutions like DBS Bank expand its market reach and service offerings.
  • The company's ability to secure regulatory approvals in multiple jurisdictions positions it for global expansion and increased adoption of its stablecoins.
  • Paxos' innovative products, such as PAXG, provide modern investment opportunities, attracting a diverse range of clients.

What critics are saying

  • The competitive landscape in the fintech and blockchain sectors is intense, requiring continuous innovation to maintain a competitive edge.
  • Regulatory scrutiny remains a significant risk, as seen with the SEC investigation and the potential for future regulatory challenges.

What makes Paxos unique

  • Paxos leverages blockchain technology to modernize financial transactions, setting it apart from traditional financial institutions.
  • Their stablecoin, Paxos Standard (PAX), and gold-backed token, Paxos Gold (PAXG), offer unique digital asset solutions that combine stability and physical asset backing.
  • Paxos' focus on regulatory compliance, as evidenced by approvals from the Monetary Authority of Singapore and the SEC investigation outcome, enhances its credibility in the fintech space.

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