Paxos

Est. 2012·

🇺🇸

United States

Visit Paxos →

Paxos

Est. 2012·

🇺🇸

United States

Visit Paxos →

custodianpayment

Last verified Jul 19, 2026

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

Overview Services Reviews Media

▣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

2012

src: Paxos — About

Regulatory License

Regulatory license or charter held by the company (e.g. NYDFS Trust Charter, BitLicense)

NYDFS Trust Company Charter; BitLicense

src: Paxos — Licenses and Approvals

Stablecoin Products

Stablecoins issued or co-issued by the company

USDP (Pax Dollar), PYUSD (PayPal USD)

src: Paxos — Stablecoins

◉Leadership

Charles Cascarilla

CEO & Co-Founder

in ↗

⊞Services

Custody

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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.