Paxos - About the company
Paxos is a series D company based in New York City (United States), founded in 2012 by Charles Cascarilla and Richmond Teo. It operates as a Provider of blockchain infrastructure and regulated stablecoin solutions for enterprises. Paxos has raised $535M in funding from investors like RRE Ventures, Liberty City Ventures and Coinbase, with a current valuation of $2.4B. The company has 189 active competitors, including 47 funded and 10 that have exited. Its top competitors include companies like Bridge, BTSE and Zero Hash.
Sectors and market segments that Paxos operate in
Paxos serves in the FinTech, Blockchain Technology, High Tech market segments.The primary business model of Paxos are:Company Details
Provider of blockchain infrastructure and regulated stablecoin solutions for enterprises. The company offers a platform for building blockchain and stablecoin solutions. It provides digital assets backed by redemption and regulatory oversight. The company facilitates stablecoin payments, crypto brokerage, and stablecoin issuance. It also offers technology built within regulatory structures.
- Website
- www.paxos.com/
- Social
- Email ID
- *****@paxos.com
- Registered Address
- THE COURTYARD,HIGH STREET,ASCOT,BERKSHIRE,UNITED KINGDOM,SL5 7HP
Key Metrics
Founded Year
2012
Location
New York City, United States
Stage
Series D
Total Funding
$535M in 7 rounds
Latest Funding Round
Post Money Valuation
$2.4B as on Oct 29, 2024
Investors
Ranked
1st among 189 active competitors
Employee Count
325 as on Aug 31, 2026
Legal entities associated with Paxos
Paxos is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PAXOS TRUST COMPANY, LLC CIN: 32073532809 , United States, Active | Feb 24, 2020 | - | - | - |
PAXOS TECHNOLOGY LIMITED CIN: 9952253 , United Kingdom, Active | Jan 13, 2016 | - | 23 (As on Dec 31, 2024) |
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Paxos's funding and investors
Paxos has raised a total funding of $535M over 7 rounds. Its first funding round was on Nov 11, 2013. Its latest funding round was a Series D round on Jan 21, 2022 for an undisclosed amount. 1 investor participated in its latest round. Paxos has 30 institutional investors and 8 angel investors.
Here is the list of recent funding rounds of Paxos:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 21, 2022 | Undisclosed | Series D | - | - | - | |
Aug 02, 2021 | Undisclosed | Series D | $2.4B | - | - | |
Apr 29, 2021 | $300M | Series D | $2.4B | - |
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Paxos' founders and board of directors
Founder? Claim ProfileThe founders of Paxos are Charles Cascarilla and Richmond Teo. Charles Cascarilla is the CEO of Paxos.
Here are the details of Paxos' key team members:
- Charles Cascarilla: Co-Founder & Co-CEO of Paxos and founder of 3 other companies, Global Dollar Network, Bankchain and Liberty City Ventures. Contact Info: 1 email address and 1 phone number
- Richmond Teo: Co-Founder of Paxos and founder of 1 other company. Contact Info: 1 email address and 1 phone number
View details of Paxos's Founder profiles and Board Members
Paxos' employee count trend
Paxos has 325 employees as of Aug 26. Here is Paxos's employee count trend over the years:
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Paxos's Competitors and alternates
Top competitors of Paxos include Bridge, BTSE and Zero Hash. Here is the list of Top 10 competitors of Paxos, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Paxos 2012, New York City (United States), Series D | Provider of blockchain infrastructure and regulated stablecoin solutions for enterprises | $535M | 78/100 | |
2nd |  Bridge 2022, San Francisco (United States), Acquired | Provider of stablecoin infrastructure and APIs for developers and businesses | $58M | 67/100 | |
3rd |  BTSE 2018, Tortola (United Kingdom), Series A | Cryptocurrencies exchange platform | $22M | - | 67/100 |
4th |  Zero Hash 2017, Chicago (United States), Series D | Embedded crypto solutions for financial institutions | $286M | 66/100 | |
5th |  Farcaster 2020, Los Angeles (United States), Acquired | Decentralized white-label social platform provider | $180M | 65/100 | |
6th |  M0 2023, Zug (Switzerland), Series B | Developer of modular infrastructure for issuing and managing digital stablecoins | $100M | 64/100 | |
7th | Provider of infrastructure for cross-asset and cross-border transactions using digital assets | $11.8M | 60/100 | ||
8th | Fordefi 2021, New York City (United States), Acquired | MPC wallet platform and web3 gateway solution | $28M | 59/100 | |
9th | ParFin 2019, London (United Kingdom), Series A | Developer of infrastructure for managing digital assets and stablecoins | $31.5M | 57/100 | |
10th | Provider of stablecoin payment infrastructure, digital asset custody, and tokenization services | $12M | 56/100 |
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Paxos's Investments and acquisitions
Paxos has made 20 investments in companies including Cordant and Trace Finance. Paxos has also acquired 2 companies including Fordefi and Membrane Finance.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 21, 2026 | Investments | 2026 | New York City (United States) | |
Jun 17, 2026 | Investments | 2020 | Sao Paulo (Brazil) | |
Mar 31, 2026 | Investments | 2018 | Spring (United States) |
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Reports related to Paxos
Here is the latest report on Paxos's sector:
News related to Paxos
Filter this listMedia has covered Paxos for a total of 43 events in the last 1 year, 18 of them have been about company updates and 6 about partnerships.
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Mantle Joins Global Dollar Network as USDG Circulation Surpasses $3BPR Newswire•Sep 03, 2026•Mantle Network, Paxos
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Trace Finance raises $32M Series A led by CoinFund to scale global payment infrastructure in US and emerging marketsBusiness Wire•Jun 17, 2026•Trace Finance, CoinFund, HOF Capital, Haun Ventures and 13 others
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House of Doge and Paxos Partner to Expand Global Access to Dogecoin IntegrationGlobeNewswire•Jun 01, 2026•House of Doge, Paxos
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Paxos Labs Raises $12M to Launch Amplify Digital Asset Suite for US PlatformsBitcoin•Apr 15, 2026•Paxos, Maelstrom, Uniswap, Robvc and 2 others
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Payments Veterans from Stripe, Coinbase, and Uber Unveil Latitude to Power Instant Global Fiat PaymentsBusiness Wire•Mar 31, 2026•Latitude, Faction VC, Paxos, New Enterprise Associates and 2 others
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Qualified Health Raises $125M to Scale Generative AI in Health SystemsMobiHealthNews•Mar 25, 2026•Qualified Health, New Enterprise Associates, Anthropic, Transformation Capital and 7 others
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Global insurance broker Aon tests stablecoin payments with Coinbase, PaxosCryptonews•Mar 10, 2026•Aon, Paxos, Coinbase
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