Paxos Trust Company is a New York-based financial technology firm specializing in blockchain solutions, known for its regulated stablecoin, Pax Dollar (USDP).
| Product | Backing | Status | Market cap |
|---|---|---|---|
| USDPPax Dollar | Fiat Backed | Active | $28M |
| PYUSDPayPal USD | Fiat Backed | Active | $2.8B |
| USDGGlobal Dollar | Fiat Backed | Active | $3.3B |
| Legal name | Paxos Trust Company |
| Founded | 2012 |
| Headquarters | New York, USA |
| Stage | Private |
| CEO | Charles Cascarilla |
| Founders | Charles Cascarilla, Rich Teo |
| Funding rounds | Round Series B · Amount $65M · Year 2018 · Investors: Liberty City Ventures, RRE Ventures, Jay JordanRound Series C · Amount $142M · Year 2020 · Investors: Declaration Partners, Mithril Capital, PayPal Ventures, RIT Capital Partners, Ken Moelis, Alua Capital, Senator Investment GroupRound Series D · Amount $300M · Year 2021 · Investors: Oak HC/FT, Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap |
| Regulatory status | Jurisdiction United States / New York · License type NYDFS Limited Purpose Trust Charter · Status Licensed · Issued 2015Jurisdiction Singapore · License type Major Payment Institution licence; USDG issuer under MAS supervision · Status Licensed · Issued 2024Jurisdiction EU / Finland · License type MiCA-compliant e-money token issuance under FIN-FSA supervision · Status Licensed · Issued 2025 |
| Website | https://paxos.com |
Paxos Trust Company is a financial technology firm based in New York, specializing in blockchain solutions and regulated stablecoins. Paxos holds a limited-purpose trust charter from the NYDFS, a Major Payments Institution license from MAS, and is overseen by the OCC at the national level.