How much funding has Paxos raised?

Paxos has raised $507.0M in total funding, most recently a Series D round.

Who are Paxos's investors?

Paxos's investors include Oak HC/FT, Declaration Partners, Unknown Ventures, Bank of America, Coinbase Ventures, Founders Fund.

Where is Paxos headquartered?

Paxos is headquartered in New York, New York, United States.

What industry is Paxos in?

Paxos operates in Crypto & Web3, Fintech.

Paxos

Regulated blockchain infrastructure for enterprises.

New York, United States · Founded 2012 · $507.0M raised

Crypto & Web3

Fintech

Headquarters: New York, New York
Employees: 201–500
Founded: 2012
Business Model: B2B

Website: paxos.com
Total Funding: $507.0M
Last Round: $300.0M Series DApr 2021
Rounds: 3

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 $507.0M in total across 3 rounds, most recently a $300.0M Series D round in Apr 2021. Investors include Oak HC/FT, Declaration Partners and Unknown Ventures.

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