Paxos provides a variety of financial trust and custodial services for clients that want to take advantage of the benefits of blockchain, while remaining compliant with legal and regulatory frameworks.
- Founded 2012
- New York, USA
- Crypto-Asset Custodian and Compliance Service Provider
Paxos is a regulated financial company specializing in providing blockchain trust and custodial services for their clients. Paxos' settlement platform (Bankchain) is designed to be integrated with existing systems and to eliminate settlement risk in the exchange of digital assets. The company created a USD backed stablecoin called PAX, that is built on the Ethereum blockchain, and is meant to assist their clients in converting a variety of assets into digital versions, that can be more easily exchanged on a blockchain.