Paxos Trust Company is a New York–based financial institution and technology company specializing in blockchain.[2] The company's product offerings include a cryptocurrency brokerage service, asset tokenization services, and settlement services.[3][4][5] ItBit, a bitcoin exchange run by Paxos, was the first bitcoin exchange to be licensed by the New York State Department of Financial Services, granting the company the ability to be the custodian and exchange for customers in the United States.[6][7]
Paxos was founded in 2012[8] and is based in New York City, with offices in London and Singapore.[9] As of April 2021[update], the company has received $540 million in funding.[10]
^"Who We Supervise". New York State Department of Financial Services. Archived from the original on 23 May 2020. Retrieved 21 May 2020.
^"Paxos Trust Company LLC | VCfund.me Data". data.vcfund.me. Retrieved 2020-08-26.
^Roberts, Jeff John (15 July 2020). "Revolut bank offers cryptocurrency through Paxos 'plug and play' service". Fortune. Archived from the original on 28 July 2020. Retrieved 29 July 2020.
^"Paxos Trust Co LLC". Bloomberg. Retrieved 21 May 2020.
^"Paxos Trust Company, LLC; Division of Trading and Markets No-Action Letter: Clearing Agency Registration" (PDF). U.S. Securities and Exchange Commission. Archived (PDF) from the original on 21 August 2020. Retrieved 29 July 2020.
^Popper, Nathaniel (7 May 2015). "Bitcoin Exchange Receives First License in New York State". The New York Times Dealbook. Archived from the original on 19 September 2020. Retrieved 21 May 2020.
^Nasr, Reem (7 May 2015). "NY grants first banking license to bitcoin exchange itBit". CNBC. Archived from the original on 25 July 2020. Retrieved 24 July 2020.
^Irrera, Anna (31 May 2018). "Blockchain and cryptocurrency startup Paxos raises $65 million". Reuters. Archived from the original on 24 July 2020. Retrieved 24 July 2020.
^Hansen, Sarah (8 August 2018). "Bitcoin Custodian Paxos Enters Gold Market With Post-Trade Confirmation Product". Forbes. Archived from the original on 24 July 2020. Retrieved 24 July 2020.
^"Paxos Raises $300 Million in Series D Funding at $2.4 Billion Valuation". Paxos. 29 April 2021. Retrieved 5 June 2021.
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