Paxos is aiming to revolutionize blockchain by developing its selection of regulation-compliant infrastructure services for companies looking to add features like crypto brokerages or branded stablecoins to their customer offerings.
Its focus on regulatory compliance across different territories, and its status as one of only three national trusts born in the crypto ecosystem, gives it an edge in building a unique and global network of enterprise customers.
Cryptocurrency remains a risky sector, so a company at the forefront of crypto regulation is proving highly attractive to a growing sector of enterprises tentatively dipping their toes in. It is pushing ahead of competitors as one of the largest crypto/blockchain startups with a valuation of over $2 billion and a current funding total of over $500 million.
Its growth has been backed up by material results, too. It has established relationships with firms like Bank of America, Credit Suisse, and Mastercard, and PayPal leverages Paxos on its backend to enable its users to buy, sell, and hold cryptocurrencies. This proven success with an expanding roster of big-name clients and collaborators like MakerDao will likely see it command a dominant market share in the years ahead.
Steph
Company Specialist at Welcome to the Jungle
