Paxos
Regulated blockchain infrastructure for enterprises.
New York, United States · Founded 2012 · $507.0M raised
- 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
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
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.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Apr 2021
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Funding: Series B through Series D. Amounts, valuations, and investors where available.
Investors
Acquisitions
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