Paxos - News, Articles & Research

Company announcement/payments

MAS grants payments institution licence to Paxos

Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act 2019.

02 November 2022

News/crypto

Mastercard brings crypto trading capabilities to banks

Mastercard has teamed up with blockchain infrastructure platform Paxos on a programme designed to help banks and fintechs offer their customers crypto trading services.

17 October 2022

Company announcement/crypto

Paxos promises monthly disclosure of reserve assets backing its stablecoins

Paxos, the leading regulated blockchain infrastructure platform, has disclosed the specific financial instruments backing its regulated stablecoins USDP and BUSD.

11 July 2022

News/crypto

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