About Paxos
Paxos operates in the fintech sector, focusing on blockchain technology to improve financial markets. The company provides solutions for settling securities, commodities, and other financial transactions, catering to institutional investors, financial institutions, and cryptocurrency exchanges. Its main products include Paxos Standard (PAX), a stablecoin pegged to the US dollar for secure transactions, and Paxos Gold (PAXG), a digital token backed by physical gold. Additionally, Paxos offers a settlement service designed to modernize the clearing and settling of U.S. securities, making these processes faster and more efficient. Unlike many competitors, Paxos combines transaction fees, custody services, and partnerships with major financial entities to generate revenue. The company's goal is to integrate blockchain into traditional finance, enhancing transparency, reducing settlement times, and lowering costs, which has led to significant adoption and billions in processed transactions.