Paxos - News, Articles & Research

Israel's Pepper rolls out crypto trading

Bank Leumi's mobile-only challenger Pepper has partnered Paxos to add cryptocurrency trading to its investment platform.

28 March 2022

Company announcement/regulation

Singapore approves Paxos for digital payments token services

Paxos, the leading regulated blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS), a premier financial regulator in Asia-Pacific, to operate digital payments token services under the Payment Services Act 2019.

10 March 2022

News/crypto

Crypto giants form travel rule compliance platform

Some of the biggest players in crypto - including BlockFi, Coinbase and Robinhood - have joined forces to develop technology that helps them meet a rule designed to counter money laundering.

18 February 2022

News/crypto

Facebook pilots Novi, but without Diem

Facebook is launching a small pilot for its Novi digital app. However, it does not involve the Diem stablecoin, instead utilising the USDP (Pax Dollar) through partnerships with Paxos and Coinbase.

19 October 2021

News/crypto

BofA and Coinbase join Paxos Series D round

Blockchain infrastructure platform Paxos has added Bank of America, Coinbase Ventures, Founders Fund and FTX to its recent $300 million Series D funding round.

29 July 2021

News/crypto

Mastercard simplifies card payments for crypto firms

Mastercard is using the USDC stablecoin to make it easier for people to spend their cryptocurrency with its cards.

20 July 2021

News/crypto

Paxos receives $2.4 billion valuation on $300 million Series D

Blockchain infrastructure platform Paxos has closed a $300 million Series D round of funding, giving the firm behind the crypto offerings of PayPal a $2.4 billion valuation.

29 April 2021

Company announcement/regulation

Blockchain outfit Paxos scores provisional trust charter

The Office of the Comptroller of the Currency (OCC) today announced preliminary conditional approval of the application to charter Paxos National Trust, New York.

23 April 2021

News/markets

Instinet and Credit Suisse conduct live same-day settlement of US equity trades

Instinet and Credit Suisse have conducted the first live trades of US-listed equities on a T+0 settlement timeframe using blockchain technology from Paxos.

06 April 2021

News/crypto

PayPal to support cryptocurrencies across its consumer and merchant network

PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling its 346 million users to to buy, hold and sell cryptocurrency directly from their PayPal account from early next year.

21 October 2020

News

Credit Suisse and Instinet first to settle US equities on Paxos blockchain

Credit Suisse and Instinet have begun settling US securities on a bockchain-based post-trade platform supplied by Paxos.

20 February 2020

Company announcement

Paxos releases fiat gateway offering and APIs

Paxos Trust Company, the regulated financial institution that digitizes and mobilizes assets, today introduced new solutions that businesses can utilize to bridge between traditional and digital assets.

12 November 2019