Paxos operates as a digital assets and blockchain company. It builds regulated blockchain and digital asset solutions for global leaders in financial services. It was founded in 2012 and is based in New York, New York.
ESPs containing Paxos
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The crypto asset custody market refers to the business of storing and securing digital assets such as cryptocurrencies, tokens, and other digital assets on behalf of clients. The market has grown significantly in recent years due to the increasing adoption and value of cryptocurrencies and other digital assets. Custody providers typically offer a range of services including secure storage, insuran…
Research containing Paxos
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Paxos in 12 CB Insights research briefs, most recently on Feb 23, 2023.
Expert Collections containing Paxos
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Paxos is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Capital Markets Tech
Companies in this collection provide software and/or services to institutions participating in primary and secondary capital markets: institutional investors, hedge funds, asset managers, investment banks, and companies.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Paxos has filed 3 patents.
Mains power connectors, Tires, Bearings (mechanical), Computer connectors, Telephone connectors
Mains power connectors, Tires, Bearings (mechanical), Computer connectors, Telephone connectors
Latest Paxos News
Dec 6, 2023
Weekly Update #32 Regulatory: South Korea’s National Pension Fund invests $20M in Coinbase shares: On Nov 16, National Pension Service (NPS), an entity that manages South Korea’s National Pension Fund (NPF) has reportedly bought nearly $20 million worth of Coinbase (COIN) shares in the third quarter, as cited by local outlet News1 . The NPF proclaims itself as the world’s third-largest pension, with Assets Under Management as of 2023 at 775 billion U.S. dollars . New Zealand Dollar pegged stablecoin Stablecoins maybe privately issued cryptocurrency or algorit… More goes live: On Nov 22, New Zealand-based Easy Crypto, introduced NZDD a stablecoin, issued by ECDD Company Ltd. , backed one-to-one to the New Zealand Dollar (NZD). Underlying assets are being held in a local bank account, regulated by the New Zealand Financial Markets Authority. Initially NZDD is available on the Ethereum blockchain A blockchain is a shared digital ledger, or a continually up… More , with plans to expand to other blockchains as well. EBA issues guidance to AML/CFT supervisors of CASPs: On Nov 27, the European Banking Authority (EBA)issued new guidance to AML/CFT supervisors of CASPs, extending its risk-based anti-money laundering and countering the financing of terrorism (AML/CFT) supervision guidelines to AML/CFT supervisors of crypto-asset service providers (CASPs). The new guidelines set clear expectations of the steps supervisors should take to identify and manage money laundering and terrorism financing (ML/TF) risks in this sector and are an important step forward in the EU’s fight against financial crime. “ CASPs can present high ML/TF risks . They also operate across borders. This is why a common supervisory approach to tackling ML/TF risks in that sector is important. By extending the scope of its AML/CFT Supervision Guidelines to supervisors of CASPs, the EBA fosters a common understanding, across all Member States, of the risk-based approach to the AML/CFT supervision of CASPs and how it should be applied.” Paxos secures in-principal license to issue USD and other stablecoins in Abu Dhabi: On Nov 28, stablecoin issuer Paxos announced that it has secured an in-principal license to issue USD and other currency-backed stablecoins, offer crypto brokerage and custody services General services, including non-profits, forums and news sit… More out of the Abu Dhabi Global Market. Two weeks ago, the Monetary Authority of Singapore (MAS) approved Paxos our new entity: Paxos Digital Singapore, to issue digital payment tokens. FSB assesses risks of multi-function crypto-asset intermediaries: On Nov 28, the Financial Stability Board (FSB) published a report on the financial stability implications of multifunction crypto-asset intermediaries (MCIs). MCIs are individual firms, or groups of affiliated firms, that combine a broad range of crypto-asset services, products, and functions typically centered around the operation of a trading platform. Most of these activities have analogues in traditional finance but are often not provided by the same entity or are restricted or controlled to prevent conflicts of interest and promote market integrity, investor protection, and financial stability. The report warns that combining different activities within multifunction crypto-asset intermediaries (MCIs), could exacerbate MCI vulnerabilities; Financial stability implications from the failure of an MCI will depend on the effective implementation and enforcement of comprehensive and consistent regulations to crypto-asset markets globally and; Further work may be needed to enhance cross-border cooperation and information sharing and to address In a cryptocurrency context, an address is a cryptographic k… More information gaps identified in the report. U.S. Treasury asks for more power to combat illicit financial activity involving crypto: On Nov 29, Deputy Secretary of the Treasury Wally Adeyemo, asked Congress to significantly expand its surveillance and enforcement powers under the Bank Secrecy Act The Bank Secrecy Act (BSA) is U.S. legislation aimed toward … More , speaking at the 2023 Blockchain Association’s Policy Summit, in Washington D.C. “ The Treasury provided Congress a set of common-sense recommendations to expand our authorities and broaden our tools and resources to go after illicit actors in the digital asset space ”, the U.S. deputy secretary of the Treasury said. He also highlighted that “ We need to update our illicit finance authorities to match the challenges we face today, including those presented by the evolving digital asset ecosystem” and that “ In addition to working with Congress, we are committed to working with the Financial Action Task Force ( FATF The Financial Action Task Force (FATF) is a global money lau… More ) to make sure our allies and partners around the world join us in updating their regulatory approach. “ Brazil proposes legislation stipulating 15% tax on offshore crypto gains: On Nov 30, the Brazilian Senate reportedly passed legislation introducing an income tax of 15% on crypto gains from offshore exchanges exceeding $1,200. If signed by the country’s president, crypto gains exceeding this amount starting Jan 01, 2024, will be subject to this tax. Crypto News: A mining pool Mining pools are groups of cooperating miners who agree to s… More supported by Jack Dorsey launched: Ocean, a Bitcoin The term “Bitcoin” can either refer to Bitcoin the network, … More mining pool that secured $6.2 million in seed funding led by former Twitter CEO Jack Dorsey, has implemented a filtering mechanism for Ordinal inscriptions in transactions. The pool utilizes Knots, a Bitcoin node In the world of digital currency, a node is a computer that … More developed by Luke Dashjr, to exclude certain transactions. This was confirmed during the pool’s relaunch conference, sparking a debate within the cryptocurrency A cryptocurrency (or crypto currency) is a digital asset des… More community over the classification of filtered data as spam or censorship. Bitcoin.com Blockchain based video games wane in popularity: A recent study by CoinGecko reveals that over 75% of Web3 games launched in the past five years have failed, with only 690 out of 2,817 games maintaining an active player base. The average annual failure rate for Web3 games stands at around 80%, with 2022 witnessing the highest number of failed games, while 2023 shows a slowdown in the trend, suggesting a potential stabilization in the state of Web3 gaming. CoinGecko Miami scammer sentenced to 64 months for defrauding $3.5M and a cryptocurrency exchange A cryptocurrency exchange is a business that allows customer… More : Esteban Cabrera Da Corte has been sentenced to 63 months in prison for orchestrating a scheme to steal millions of dollars’ worth of cryptocurrency. The scheme involved deceiving U.S. banks and a cryptocurrency exchange by falsely claiming unauthorized transactions, resulting in over $4 million in fraudulent reversals by the banks and a cryptocurrency exchange loss of over $3.5 million. U.S. Attorney Damian Williams emphasized that the sentencing sends a clear message that cryptocurrency scammers and money launderers will be vigorously prosecuted. DOJ Sinbad mixer sanctioned:The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned the cryptocurrency mixer Sinbad.io, alleging it was used by the North Korean hacking group Lazarus to launder hundreds of millions of dollars from high-profile hacks. U.S. citizens are now prohibited from using Sinbad, and any property associated with the mixer must be reported to OFAC, with potential sanctions for individuals still engaging in certain transactions with Sinbad, marking the latest move against mixing services following the sanctioning of Blender.io and Tornado Cash in the past 18 months. Reuters
Paxos Frequently Asked Questions (FAQ)
When was Paxos founded?
Paxos was founded in 2012.
Where is Paxos's headquarters?
Paxos's headquarters is located at 450 Lexington Avenue, New York.
What is Paxos's latest funding round?
Paxos's latest funding round is Corporate Minority.
How much did Paxos raise?
Paxos raised a total of $535.25M.
Who are the investors of Paxos?
Investors of Paxos include Mercado Libre Fund, Liberty City Ventures, Mithril Capital Management, PayPal Ventures, Senator Investment Group and 21 more.
Who are Paxos's competitors?
Competitors of Paxos include Tassat, STACS, Blockstream, Polysign, Zero Hash and 7 more.
Compare Paxos to Competitors
Zero Hash operates as a business-to-business (B2B) embedded infrastructure mobile application platform. Its platform allows integrating digital assets natively into customer experience as a matter of application programming interface (API) endpoints. The company was founded in 2017 and is based in Chicago, Illinois.
Mercado Bitcoin provides a digital Bitcoin exchange platform. The company's platform allows users to trade digital assets, cryptocurrency, and more. It was founded in 2013 and is based in Barueri, Brazil.
FalconX focuses on providing a platform for institutional cryptocurrency trading. The company offers a range of services including trade execution, credit and treasury management, and market making, all aimed at simplifying the complex landscape of digital assets. Its services primarily cater to the financial institutions sector. It was founded in 2018 and is based in San Mateo, California.
Kraken focuses on digital currency exchange. The company provides a platform for trading various digital currencies, including bitcoin, offering a secure and efficient service for its users. Kraken primarily serves the financial technology industry. It was founded in 2011 and is based in San Francisco, California.
Anchorage Digital offers a cryptocurrency platform providing institutions with digital asset financial services and infrastructure solutions. It offers a digital bank as a crypto-native bank and also offers crypto strategies for institutions. The company provides security and asset accessibility, including capturing yield from staking and inflation, voting, auditing proof of existence, and fast transactions. It primarily caters to the financial sector. The company was founded in 2017 and is based in San Francisco, California.
Crypto.com is a leading platform in the cryptocurrency industry. The company offers services that allow users to buy, sell, and trade a wide range of cryptocurrencies including Bitcoin and Ethereum. It primarily serves the financial technology sector. Crypto.com was formerly known as Monaco. It was founded in 2016 and is based in Singapore, Singapore.