Company profile: Paxos
1.1 - Company Overview
Company description
- Provider of regulated digital asset infrastructure enabling movement between physical and digital assets, issuing stablecoins PayPal USD (PYUSD) for PayPal and Pax Dollar (USDP), offering PAX Gold (PAXG) backed by one fine troy ounce of gold stored in LBMA vaults, and institutional trading via the itBit platform and OTC services for large crypto trades.
Products and services
- Pax Dollar (USDP): A regulated stablecoin engineered by Paxos, fully backed 1:1 by the U.S. Dollar and available for redemption
- PayPal USD (PYUSD): A payments-oriented stablecoin produced by Paxos for PayPal, backed 1:1 by the U.S. Dollar and architected to facilitate payment transactions
- PAX Gold (PAXG): An LBMA-vaulted digital asset created by Paxos, backed by one fine troy ounce of gold.
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Paxos
Iron Key Capital
HQ: United States
Website
- Description: Provider of a digital asset venture ecosystem focused on crypto asset investing, combining public market investment techniques with access to and understanding of venture-stage tech investing, and emphasizing active portfolio management to navigate idiosyncratic, systemic, and unknowable risks.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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View full Iron Key Capital company profile →
Strike
HQ: United States
Website
- Description: Provider of an API enabling merchants to accept payments from customers globally, utilizing Bitcoin's open payment network to facilitate global money transfers.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Strike company profile →
BlockEQ
HQ: Canada
Website
- Description: Provider of a decentralized financial network enabling seamless payments and peer-to-peer trading of digital assets, making them fast, cheap, and easy to use across an open network.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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FRNT Financial
HQ: Canada
Website
- Description: Provider of institutional trading, software development and digital asset services, including OTC spot block trading; OTC derivatives for regulated beta/alpha exposure; automated crypto treasury access to peer-to-peer lending; merchant banking bridging traditional finance and crypto (financing, M&A, public markets); asset management to build crypto investment products; and consulting for traditional and crypto-native firms.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full FRNT Financial company profile →
Cove Markets
HQ: United States
Website
- Description: Provider of a trading platform for frictionless trading, offering services that enable active traders and professionals to achieve best execution across a wide range of digital assets in a transparent, easy-to-use, algorithmic, and secure manner. Founded by financial industry veterans from IMC, Jump Trading, and OptionsCity.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Cove Markets company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Paxos
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Paxos
2.2 - Growth funds investing in similar companies to Paxos
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4 - Top valuation comps for Paxos
4.2 - Public trading comparable groups for Paxos
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