{"id":238329,"date":"2021-04-29T15:40:37","date_gmt":"2021-04-29T12:40:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/paypal-crypto-partner-paxos-raises-300m\/"},"modified":"2021-04-29T15:40:37","modified_gmt":"2021-04-29T12:40:37","slug":"paypal-crypto-partner-paxos-raises-300m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/paypal-crypto-partner-paxos-raises-300m\/","title":{"rendered":"# PayPal crypto partner Paxos raises $300M"},"content":{"rendered":"<p>&#8220;<strong># PayPal crypto partner Paxos raises $300M <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNjc4NjRiM2MtMzhkMS00NDFkLWJiYWUtM2Q3NzQ4Mzk1OTU1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Paxos, a major cryptocurrency company and PayPal\u2019s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval to form a national trust bank.<\/p>\n<p>On Thursday, the firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.paxos.com\/paxos-raises-300-million-in-series-d-funding-at-2-4-billion-valuation\/\">announced<\/a>\u00a0a new $300-million <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> D funding round bringing Paxos\u2019 valuation to $2.4 billion. The new funding round included previous Paxos investors \u2014 PayPal Ventures, Declaration Partners, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and others.<\/p>\n<p>The newly raised funds will help Paxos continue investing in the development of enterprise-grade infrastructure and further grow its commitment to regulation, security and compliance, as well as expand operations, the firm said.<\/p>\n<p>Following\u00a0preliminary approval granted by the United States Office of the Comptroller of the Currency last week, Paxos also plans to establish the Paxos National Trust Bank in the near future. The company also\u00a0applied for a clearing agency registration with the Securities and Exchange Commission and is pursuing a Major Payment Institution license in Singapore.<\/p>\n<p>Paxos co-founder and CEO Charles Cascarilla said that demand for the company\u2019s enterprise solutions has accelerated much faster than the firm had anticipated.\u00a0<\/p>\n<p>Founded back in 2012, Paxos emerged as a major industry player allowing users to tokenize, custody, trade and settle digital assets. Paxos has issued stablecoins like U.S. dollar-pegged Paxos Standard and gold-backed PAX Gold.<\/p>\n<p>Last year, PayPal announced a partnership with Paxos\u00a0to allow users to buy, sell and hold cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Paxos also assisted PayPal-owned payments firm Venmo in launching cryptocurrency trading last week.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/paypal-crypto-partner-paxos-raises-300m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# PayPal crypto partner Paxos raises $300M &#8221; Paxos, a major cryptocurrency company and PayPal\u2019s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank. On Thursday, the firm announced\u00a0a new $300-million Series D funding round bringing Paxos\u2019 valuation to $2.4 billion. The new funding round&#8230;<\/p>\n","protected":false},"author":1,"featured_media":238330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNjc4NjRiM2MtMzhkMS00NDFkLWJiYWUtM2Q3NzQ4Mzk1OTU1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,75719,76605,74889,76574,117,67874,71745],"class_list":["post-238329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-funding","tag-paxos","tag-payments","tag-paypal","tag-business","tag-united-states","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=238329"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/238330"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=238329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=238329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=238329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}