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 by Charles Cascarilla and Rich Teo, the company's mission is to modernize the financial system by building a new, open, and trusted foundation. As the first company to be chartered as a trust for digital assets by the New York Department of Financial Services (NYDFS), Paxos provides services such as stablecoin-as-a-service (e.g., issuer of PayPal USD (PYUSD) and Pax Dollar (USDP)), crypto brokerage APIs for enterprises like PayPal and Interactive Brokers, and settlement services for securities and commodities.

Founded in

United States