Company Information

Get to know Pax

Paxos is a financial technology company building regulated infrastructure to enable the movement of any asset, at any time, in a trustworthy way. Founded in 2012, the company's mission is to modernize the financial system by building a new, open, and digital economy. As the first chartered Trust company for digital assets regulated by the New York State Department of Financial Services (NYDFS), Paxos provides a range of products including Crypto Brokerage, tokenization services, and settlement solutions for institutions. They are known for issuing regulated stablecoins such as the Pax Dollar (USDP) and previously, the Binance USD (BUSD).

Industry

Technology White Label PlatformPRIMARY
Financial Other Service

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Pax

United States

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.