Paxos logo

Paxos Trust Company, LLC

Blockchain

Paxos Stock

Paxos is a regulated blockchain infrastructure company that provides financial services and enterprises with blockchain technology solutions. Their offerings include stablecoins, crypto brokerage services, and tokenized assets, all built within a secure and compliant framework. Paxos is trusted by major financial institutions and regulated by the New York Department of Financial Services.

Founded: 2012

Paxos Website

Paxos Company Overview

Paxos Trust Company is a pioneering blockchain infrastructure firm dedicated to modernizing financial systems through secure and regulated technology solutions. The company offers a range of blockchain-based products designed to provide transparency, security, and efficiency to the financial industry. Key offerings include the Pax Dollar (USDP), a stablecoin fully backed by the US dollar, and Pax Gold (PAXG), a digital token backed by physical gold, which allows for easy ownership and transfer of gold in a digital format. Paxos also operates a crypto brokerage service, enabling institutions to offer cryptocurrency buying, selling, and holding within their platforms. This service powers cryptocurrency trading for major companies like PayPal and Revolut, demonstrating the company's strong industry partnerships. Additionally, Paxos provides a post-trade settlement service for equities, leveraging blockchain to ensure faster and more efficient settlements. The company is deeply committed to regulatory compliance, holding a New York Limited Purpose Trust Charter and being regulated by the New York Department of Financial Services (NYDFS). This regulatory oversight ensures that Paxos operates within a robust legal framework, providing its clients with confidence in the security and legality of its offerings. Paxos is also licensed by the Monetary Authority of Singapore, reflecting its global reach and commitment to adhering to the highest regulatory standards. Paxos' innovative approach and compliance with stringent regulatory standards have made it a trusted partner for some of the world's largest financial institutions. By enabling the seamless integration of blockchain technology into existing financial systems, Paxos is playing a crucial role in transforming the global financial landscape. The company's vision is to create a more open financial system by building the infrastructure that allows assets to be digitized and moved instantaneously anywhere in the world.

Management Team

Richmond Teo Co-Founder & Chief Executive Officer, Asia
James Reed Chief Operating Officer
Michael Coscetta Chief Revenue Officer
Carolina Ceballos Chief Compliance Officer
Madan Nagaldinne Chief People Officer
Charles Cascarilla Co-Founder and Chief Executive Officer

Funding Information