Paxos

The main activity of the company Paxos is to provide blockchain infrastructure solutions for financial institutions. Paxos offers products and services enabling the tokenization, settlement, and custody of digital assets, including stablecoins (such as Pax Dollar - USDP), tokenized asset settlement services, and regulated custody solutions. The company primarily targets institutional markets, fintech companies, banks, and exchange platforms that wish to integrate services related to digital assets and decentralized finance (CeFi). Paxos aims to facilitate the adoption of blockchain in traditional finance by offering compliant and secure solutions.

Paxos is an American company founded in 2012, specializing in blockchain infrastructure and asset tokenization solutions. Its main objective is to modernize the global financial system by making transactions faster, more transparent, and more secure through blockchain technology.

Key milestones in the development of Paxos:

• 2012: Creation of Paxos
  Paxos was founded under the name itBit, initially as a regulated Bitcoin exchange platform. It obtained a trust company charter from the New York State Department of Financial Services (NYDFS), allowing it to operate legally in the financial sector.
• 2015: Launch of the itBit platform
  itBit became the first Bitcoin exchange platform to obtain a trust company charter in New York, marking an important step in the regulation of crypto-assets.
• 2016-2018: Diversification and rebranding
  The company changed its name to Paxos and expanded its offering beyond cryptocurrency exchange, focusing on asset tokenization and blockchain infrastructure for financial institutions.
• 2018: Launch of Paxos Standard (PAX)
  Paxos launched its regulated stablecoin, Paxos Standard (PAX), backed by the US dollar, enabling instant and secure transactions on the blockchain.
• 2019: Strategic partnerships
  Paxos partnered with major companies such as PayPal, Revolut, and Binance to provide custody, settlement, and digital asset tokenization services.
• 2020: Expansion into asset tokenization
  Paxos launched Paxos Gold (PAXG), a token backed by physical gold, and developed settlement solutions for US equity markets, notably with the real-time equity settlement project.
• 2021-2023: Growth and innovation
  Paxos continued to innovate by launching new products, obtaining additional licenses (notably in Singapore), and strengthening its partnerships with major financial institutions. The company plays a key role in the institutional adoption of blockchain and CeFi (centralized finance).

Today, Paxos is recognized as a major player in blockchain infrastructure, offering stablecoin, asset tokenization, and settlement solutions for financial institutions, while remaining compliant with strict regulatory requirements.