Paxos

Paxos is a leading regulated blockchain infrastructure platform that tokenizes, custodies, trades, and settles assets on the blockchain. Its technology enables instantaneous movement of assets globally in a secure and trustworthy manner, revolutionizing the traditional financial system. Paxos offers a stablecoin called Pax dollar, where one token is equivalent to USD one and can be redeemed for US dollars. The platform generates revenue through transaction fees for buying and selling cryptocurrencies, yields from cash reserves, and holding digital assets for customers.

Paxos has successfully integrated cryptocurrency into numerous Latin American fintech apps like Mercado Libre, Nubank, and PicPay, capitalizing on the region's robust embrace of digital assets driven by factors such as hedging against inflation and facilitating cross-border remittances. As of April 2023, Paxos powered over ten million active digital wallets globally through its regulated brokerage product, enabling leading financial services companies to offer digital asset solutions to their users securely.

Notably, Paxos has established strategic partnerships with major enterprises like PayPal, Interactive Brokers, Mastercard, and Bank of America, allowing them to integrate digital assets into their existing offerings seamlessly. In a pilot program with Mastercard, Paxos converts stablecoins into US dollars, enabling crypto enthusiasts to spend their digital currencies more widely. Paxos envisions a future where all global assets, worth nearly USD 700 trillion, will be re-platformed on the blockchain, positioning itself as a key infrastructure provider for this transition.