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Paxos

Est. 2012·
🇺🇸
United States
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custodianpayment
Last verified Jul 19, 2026
Founded
2012
src: Paxos — About
Company Type
Private
src: 21Rates
Regulatory License
NYDFS Trust Company Charter; BitLicense
src: Paxos — Licenses and Approvals
Stablecoin Products
USDP (Pax Dollar), PYUSD (PayPal USD)
src: Paxos — Stablecoins

News & coverage

▣About Paxos

Paxos is a regulated blockchain infrastructure company founded in 2012 and headquartered in New York. It provides institutional-grade cryptocurrency custody, real-time settlement, and stablecoin issuance services. Paxos issues Pax Dollar (USDP) and powers PayPal USD (PYUSD), operating under a New York Department of Financial Services (NYDFS) charter. Its settlement network enables financial institutions to move assets faster and more efficiently than legacy systems.

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Key Facts

Verified data
Founded
Year the company was founded
Regulatory License
Regulatory license or charter held by the company (e.g. NYDFS Trust Charter, BitLicense)
Stablecoin Products
Stablecoins issued or co-issued by the company

◉Leadership

Charles Cascarilla
CEO & Co-Founder
in ↗

⊞Services

As of Jul 19, 2026 · Source

Paxos is a regulated blockchain infrastructure company providing crypto custody, settlement, and stablecoin services including USDP and PayPal USD (PYUSD).

InsuranceCrime insurance policy covering digital assets held in custody; additional coverage provided through Paxos Trust Company's NYDFS-regulated capital reserve requirements.

Paxos provides regulated blockchain infrastructure for enterprises, including stablecoin issuance and payments, crypto brokerage infrastructure, custody and tokenized asset settlement services.

★Recent Reviews

No reviews yet.

Company Details

Year formed2012
HQ countryUnited States
Founded inNew York, NY, USA

Data Provenance

✓Facts verified by 21Rates research · Jul 19, 2026
✓1 sources cited on this page
21rates.com/companies/1363/paxos · structured data: Organization · Person ×1

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