Paxos
Regulated blockchain infrastructure for enterprises.
New York, United States · Founded 2012 · $519.0M raised
- Headquarters
- New York, New York
- Employees
- 201–500
- Founded
- 2012
- Business Model
- B2B
- Website
- paxos.com
- Total Funding
- $519.0M
- Last Round
- $12.0M Venture RoundApr 2026
- Rounds
- 4
About
Paxos is a regulated blockchain and tokenization infrastructure platform founded in 2012 (originally as itBit) by Charles Cascarilla and Rich Teo. The company operates as a trust company regulated by the NYDFS and OCC. Paxos provides enterprises with infrastructure for stablecoin issuance (USDG, USDP, PAXG, PYUSD for PayPal), crypto brokerage, stablecoin payments, and asset tokenization. PayPal uses Paxos infrastructure to build blockchain-based financial products. The company has raised over $500 million in funding.
Summary
Paxos is a Crypto & Web3 company based in New York, United States, founded in 2012. It has raised $519.0M in total across 4 rounds, most recently a $12.0M Venture Round round in Apr 2026. Investors include Blockchain Capital, Oak HC/FT and Declaration Partners.
Tech & App Stack
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Funding History
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Apr 2026
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Series B through Venture Round — per-round amounts, valuations, and who invested in each round.
Investors
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