Senior Commercial Counsel, Paxos
$187.4-220.5k
+Equity and Bonus
Blockchain infrastructure for financial services
Open for applications
Blockchain infrastructure for financial services
201-500 employees
Open for applications
$187.4-220.5k
+Equity and Bonus
201-500 employees
Company mission
To enable the movement of any asset, at any time, in a trustworthy way.
Role
Who you are
- 6-10 years commercial legal experience in corporate law, mergers & acquisitions and/or finance at a top tier law firm or high growth company (preferably a combination of both)
- Experience leading complex commercial negotiations
- Commercial mindset with deep understanding of practical business issues
- Experience working cross-functionally on multiple projects under tight deadlines while developing strong client relationships
- Experience forming and managing legal entities in a variety of international jurisdictions
- Desire to work in a fast-paced, dynamic, and demanding environment
- Excellent written/verbal communication and negotiation skills
Desirable
- Experience working on a wide variety of in house legal matters, including employment issues, stock option plans, and intellectual property
- Experience working in a hyper-growth, tech-focused company
- Strong interest in blockchain technology
What the job involves
- Negotiate high-impact commercial agreements with the Paxos’ strategic partners
- Provide expert legal advice to senior finance and business development professionals
- Play a key role in shaping Paxos’ corporate structure, including drafting intercompany agreements and overseeing the formation and governance of legal entities
- Handle a variety of in-house legal workstreams, including managing Paxos’ employee stock option plan and intellectual property portfolio
Our take
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
Insights
10% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2021
$300m
SERIES D
Dec 2020
$142m
SERIES C
Total funding: $535.3m
Company HQ
Midtown East, New York, NY
Leadership
Charles Cascarilla
(CEO)Previous Co-founder and Partner at Cedar Hill Capital Partners for 10 years. Current Partner at Liberty City Ventures and Founding Board Member of the Association for Digital Asset Markets, alongside working at Paxos.
Rich Teo
(CEO Asia)Previous Financial Analyst at Citi for 2 years before becoming a Principal / Senior Analyst at Cedar Hill Capital Partners. Has served as CEO of Asia at Paxos for 7 years.
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