Paxos, a NYC-based regulated blockchain infrastructure platform, closed a $300m Series D round of funding.
The round was led by Oak HC/FT with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and more.
The company, which has raised more than $500 million in funding and is valued at $2.4 billion, intends to use the funds to continue investing in the development of enterprise-grade infrastructure, hire new team members across all functions, and increase platform capacity, enhancing the customer experience and increasing utilization of its tokens.
Led by Charles Cascarilla, CEO and Co-Founder, Paxos is a regulated blockchain infrastructure platform that allows assets to move instantaneously, anywhere in the world, at any time. The company uses technology to tokenize, custody, trade and settle assets. It offers crypto solutions for enterprises, crypto trading and settlement solutions for securities and commodities. Customers include global enterprises PayPal, Credit Suisse, Societe Generale, StoneX and Revolut.
To continue the development of its regulated platform, Paxos also plans to establish the Paxos National Trust Bank, support its application for a Clearing Agency registration with the Securities and Exchange Commission and pursue its Major Payment Institution license in Singapore.
The company has offices in New York, London and Singapore.
FinSMEs
30/04/2021