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3 Latest Announced Rounds

$1,325.73M Raised in 74 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Paxos

start up
United States - New York, NY
  • 29/04/2021
  • Series D
  • $300,000,000

Paxos is building the foundation for the open financial system. We are a regulated blockchain infrastructure company building transparent and transformative financial solutions. We create accessible blockchain infrastructure that’s instantaneous and reliable, 24/7 - whether it’s enabling crypto features for enterprises, launching the world’s first fully-regulated, asset-backed tokens (USDP & PAXG), or setting a new standard of efficiency for settlement of securities.

We empower today’s financial leaders to build a more open, trusted economy. These leaders include PayPal, Bank of America, Novi, Mercado Libre, Interactive Brokers and Mastercard.


Related People

Charles CascarillaCo Founder

Charles Cascarilla United States - New York, New York

Charles Cascarilla is the CEO and co-founder of Paxos, a regulated financial institution building infrastructure to enable movement between physical and digital assets. By building infrastructure to enable the movement between physical and digital assets, Paxos is creating a future where all assets—from money to commodities to securities—are digitized and can move instantaneously, 24/7.

Today, as the first regulated Trust company for digital assets, Paxos technology makes it possible to tokenize, custody, trade and settle assets. Paxos products include: Post-Trade Confirmation Service, which has been used to confirm over $1.5 trillion commodities and FX trades; Paxos Standard (PAX), the world's most liquid regulated stablecoin and more.

Charles co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012. Earlier in his career, Charles was a portfolio manager at Claiborne Capital and worked at both Bank of America Securities and Goldman Sachs.

Charles is a founding member of the Association of Digital Asset Markets (ADAM), a private organization of member firms seeking to build a safer, stronger and more efficient digital assets marketplace. He also serves on the board of several charities and private companies including ALS Biopharma, Project ALS and The Centurion Foundation. He also sits on the Governing Board of the Hyperledger Project.

Charles holds a B.B.A. in Finance from the University of Notre Dame and is a CFA charterholder.