Paxos

Paxos runs regulated blockchain infrastructure that brokerages and other enterprises use to offer digital assets under their own brand. Its Crypto Brokerage product lets a brokerage give clients crypto trading inside its existing platform rather than sending them to an outside exchange.

The brokerage service routes client orders to a network of liquidity providers that Paxos reviews, and Paxos carries settlement and counterparty risk on those trades. The company says it benchmarks fills against independent price feeds and offers trade cost analysis. Assets available include BTC, ETH and SOL. Paxos also offers custody and wallets, stablecoin issuance for companies that want their own token, mint-and-redeem services, and stablecoin payments. It issues USDG, USDP, PAX Gold and PayPal USD.

Paxos was established in 2012 and is led by co-founder and CEO Charles Cascarilla. It has been supervised as a trust company since 2015 and is now chartered at the federal level by the OCC; it is also supervised in Singapore. Investors named by the company include Oak HC/FT, Founders Fund and PayPal Ventures. In November 2025 Paxos acquired Fordefi, a custody technology company.