Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$5.77MBuyback funds
$0Burn funds
--Buyback ratio
0.0%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $5.77M | $0 | -- | 0.0% |
| Sep 2026 | $9.15M | $0 | -- | 0.0% |
| Aug 2026 | $8.83M | $0 | -- | 0.0% |
| Jul 2026 | $8.94M | $0 | -- | 0.0% |
| Jun 2026 | $8.58M | $0 | -- | 0.0% |
| May 2026 | $10.64M | $0 | -- | 0.0% |
Comparison
Team
Investment
Follow Updates
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People
About Paxos
Paxos is a regulated blockchain infrastructure company. Its core business includes issuing stablecoins like PayPal USD (PYUSD), Global Dollar (USDG), and Pax Gold (PAXG), as well as providing digital asset custody, tokenization, and settlement services. The company operates under multiple regulatory licenses, including a trust charter from the New York State Department of Financial Services (NYDFS), a Major Payment Institution license from the Monetary Authority of Singapore, and most recently, a clearing agency registration from the U.S. Securities and Exchange Commission (SEC).
Paxos addresses market pain points by offering a compliant bridge between traditional finance and digital assets. Its regulated stablecoins provide transparency and legal protection, while its clearing agency status enables blockchain-based securities settlement, reducing costs and improving efficiency compared to legacy systems. The narrative centers on bringing institutional-grade trust to crypto infrastructure.
In the past six months (February to August 2026), Paxos has made significant regulatory progress. In May 2026, its subsidiary Paxos Securities Settlement Company (PSSC) received SEC clearing agency registration, making it the first blockchain-native registered clearing agency in the U.S. This allows Paxos to offer end-to-end on-chain settlement for tokenized securities. Additionally, in July 2026, Paxos launched USDGL in Singapore, a regulated yield-bearing stablecoin, marking a shift toward compliant interest-generating products. A notable past challenge includes the 2023 SEC Wells notice regarding BUSD, which was resolved without enforcement action in 2024.
Paxos, a regulated blockchain infrastructure platform, has achieved several milestones with long-term significance. In June 2025, Paxos launched its compliant gold token PAXG on the Solana mainnet via the Sunrise protocol, marking the first OCC-regulated gold token on Solana and expanding its multi-chain presence. Another notable development was the collaboration with Aon and Coinbase to complete the first pilot of stablecoin insurance premium payments, demonstrating real-world utility for stablecoins in traditional finance sectors. These events highlight Paxos's ongoing efforts to bridge regulated digital assets with mainstream financial applications, though most other recent news items involve routine PAXG transfers between wallets and exchanges, which do not constitute strategic milestones.
Major progress over the past six months:
In May 2026, Paxos subsidiary PSSC received SEC registration as a clearing agency, becoming the first blockchain-native firm approved to provide clearing/settlement and central securities depository services in the U.S., building on its 2020 no-action relief pilot.
In April 2026, Paxos Labs launched Amplify, a financial utility stack with Earn, Borrow, and Mint modules, closing a $12M round led by Blockchain Capital to turn digital assets into yield-bearing financial products.
Future focus: Expanding blockchain-based securities clearing/settlement and institutional RWA tokenization under the new clearing license; advancing onchain product infrastructure via Paxos Labs for branded stablecoins, embedded yield, and lending. As the GENIUS Act takes effect in 2027, Paxos has converted to an OCC national trust charter and will continue scaling stablecoin operations under federal prudential supervision.
Charles Cascarilla (Co-Founder & CEO): Previously at Goldman Sachs and Bank of America, founded Cedar Hill Capital Partners. Leads Paxos as a regulated blockchain infrastructure firm.
Tero Reuna (CEO Europe): Former executive at Tietoevry, with experience in fintech and SaaS sales. Oversees Paxos's European operations and growth.
Recent team changes at Paxos: Head of Product Ronak Daya departed in April 2026 after about three years. He led product, advancing stablecoins like USDG and PYUSD and the Global Dollar Network, and navigated regulatory paths. Meanwhile, Kareem Grant joined in March 2026 as Product, bringing experience from Blueprint Finance, Consensys (MetaMask), and Coinbase. These changes mark a refresh in Paxos's product leadership.