Paxos Trust Company, N.A.
Headquarters
New York United States
About us
To open the world's financial system to everyone by enabling the instant movement of any asset, any time, in a trustworthy way.
Built to rebuild today's archaic financial infrastructure, Paxos provides regulated blockchain infrastructure that enables the instant movement of any asset, anywhere, in a trustworthy way. For over a decade, the company has built systems that tokenize, custody, trade, and settle assets for financial institutions like Mastercard, Visa, Robinhood, and PayPal. What sets Paxos apart is its regulation-first approach — it holds a national trust bank charter from the OCC, was the first to receive a limited-purpose trust charter for digital assets from the New York State Department of Financial Services in 2015, and operates as a licensed major payments institution in Singapore. This regulatory foundation makes Paxos the infrastructure partner for enterprises that need compliant digital asset capabilities. The team is remote-first and distributed globally, operating with a security-first culture that emphasizes transparency, accountability, and real-time collaboration.
Products
Paxos issues and manages regulated stablecoins including Pax Dollar (USDP), Pax Gold (PAXG), PayPal USD (PYUSD), and Global Dollar (USDG) — all fully-backed with 1:1 redemption and monthly reserve reporting. The Crypto Brokerage platform provides API-based infrastructure enabling institutions to offer trading, custody, and digital asset services to their customers. Stablecoin Payments facilitates global acceptance and payouts using stablecoins for efficient cross-border transactions. In 2026, Paxos Securities Settlement Company became the first blockchain-native firm authorized by the SEC to provide clearing and settlement services for traditional U.S. equities.
Funding
Paxos has raised over $540 million across multiple funding rounds, reaching a $2.4 billion valuation during its $300 million Series D in April 2021, led by Oak HC/FT. Earlier rounds included a $142 million Series C in December 2020 led by Declaration Partners. Notable investors include Bank of America, PayPal Ventures, Coinbase Ventures, Founders Fund, and Mercado Libre Fund. The company reported profitability on a GAAP basis for 2022 and projected the same for 2023, demonstrating sustainable revenue growth that reached approximately $180 million by late 2025.
Recent news
In late May 2026, the U.S. Securities and Exchange Commission (SEC) granted Paxos Securities Settlement Company a temporary registration as a clearing agency. This rare regulatory milestone allows Paxos to offer clearing and settlement services for eligible digital asset securities as a central securities depository, operating under the same framework as traditional clearinghouses like the DTCC. Additionally, in April 2026, the company spun off Paxos Labs, a new DeFi-focused business that raised $12 million to help enterprises provide stablecoin and crypto lending protocol access to retail customers.
Technology
Backend services are built primarily in Golang, Kotlin, Rust, and Python, with React and TypeScript powering the frontend. The platform runs on a microservices architecture orchestrated by Kubernetes with Istio for service mesh management. Data infrastructure relies on PostgreSQL, Kafka for messaging, and Snowflake for analytics. Security is built around Hardware Security Modules (HSMs) for cryptographic operations, cloud-native security controls, and strict CI/CD guardrails. Infrastructure as code uses Terraform on AWS, with deployment pipelines incorporating Bazel, BuildBuddy, and Docker for consistent, secure releases.
Benefits
Paxos offers unlimited PTO and a fully remote work environment with flexible schedules. Health, dental, and vision insurance premiums are fully covered for employees and families, plus 16 weeks of paid maternity leave and generous paternity leave. The company provides a home office stipend, wellness reimbursements, and quarterly learning and development stipends. Additional perks include a day off for your birthday, an extra day of leave for each year of service, and commuter benefits for those near offices. While there's a 401(k) plan, the company doesn't currently offer matching contributions.