Paxos joined the Unicorn Club on April 29, 2021. Headquartered in New York City, New York, United States, the company provides blockchain-based settlement solutions for financial institutions. Paxos offers a blockchain settlement platform for post-trade settlements, payments, money movement, and process automation. Its platform reduces counterparty risk, increases balance sheet efficiencies, provides real-time tracking, and ensures transparent audibility across capital markets.
Keep reading to learn how Paxos built a billion-dollar platform transforming financial settlements with blockchain technology.
What Is Paxos and What Does It Do?
Founded in 2012, Paxos provides blockchain infrastructure to enable secure and efficient financial transactions. The platform supports post-trade settlements, cryptocurrency custody, tokenized assets, and payment processing for enterprises and financial institutions. Paxos aims to modernize capital markets and financial operations through blockchain technology, thereby reducing operational risk and enhancing transparency.
How Much Funding Has Paxos Raised?
- Series D Round
- Amount Raised: $300 million
- Date: April 29, 2021
- Purpose: Expand blockchain infrastructure, enhance post-trade settlement solutions, and scale enterprise offerings.
Total Funding Raised: $535 million
Latest Funding Date: January 21, 2022
Latest Known Valuation: $2.4 billion
Employee Count: 201–500 (as of Jul 01, 2024)
Key Investors
- Alua Capital Management
- Details: Investment firm focused on high-growth financial technology companies.
- Focus Areas: Fintech, blockchain, and enterprise solutions.
- Senator Investment Group
- Details: Investment firm specializing in growth-stage tech and financial companies.
- Focus Areas: Fintech, blockchain-based infrastructure, and enterprise platforms.
Where Is Paxos’ Headquarters?
Paxos is headquartered in New York City, New York, United States, where it develops and manages blockchain settlement solutions for financial institutions, capital markets, and enterprise clients.
What’s Next for Paxos?
Paxos plans to expand its blockchain-based infrastructure for post-trade settlements, digital assets, and cryptocurrency solutions. The company aims to further reduce operational risk, enhance financial transparency, and accelerate the adoption of blockchain in global financial markets.
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