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Paxos (company)

Paxos (company)

Paxos is an American financial technology (“fintech”) company, established in September 2016 and based in New York, with international offices in London and Singapore. Its main business is developing and providing blockchain technology for the financial services industry.

The company’s main product is Bankchain, a cloud-based platform as a service (PaaS) blockchain settlement solution for capital markets that launched in 2012 and has offices in New York City, New York, Singapore, and London, England. In 2016, Paxos partnered with Euroclear to provide blockchain settlements for London's bullion market and this partnership is said to have ended in July 2017. The company is offering the Paxos Standard (PAX) cryptocurrency, the itBit cryptocurrency exchange, a cryptocurrency backed by gold called Paxos Gold (PAXG), a stable coin cryptocurrency called Binance USD (BUSD) that is pegged to the US dollar, asset custody under a regulated Trust Company, and post-trade automation for precious metals, base metals, and FX markets.

Management

The Paxos CEO is co-founder Charles Cascarilla, and its board of directors includes the former chairwoman of the U.S. Federal Deposit Insurance Corporation (FDIC) Sheila Bair; former Democratic U.S. Senator William Warren "Bill" Bradley; former chairman of the Financial Accounting Standards Board (FASB) Robert H. Herz; and former chairman, president, and CEO of Lotus Development Corporation Jim Manzi.

Timeline

Funding rounds

1 Result
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People

Name
Role
LinkedIn

Charles Cascarilla

Founder



Jenn Phillips

Employee



Jim Manzi





Sheila Bair





William Bradley





Further reading

Title
Author
Link
Type
Date

Paxos launches new stablecoin, Paxos Standard (PAX)

Paxos Standard token

Web



Paxos Unveils Dollar-Backed Stablecoin Approved by New York Regulator

Nikhilesh De

Web



What is Paxos Standard (PAX)? | Complete Beginners Guide

Steve Walters

Web



Documentaries, videos and podcasts

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Companies

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CEO
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References