fbpx
Skip to content Skip to sidebar Skip to footer

Paxos Receives Funding from Bank of America, Coinbase & FTX Invest For Series D Investment Round

Paxos has just gained the support of prominent investors — Coinbase Ventures, FTX, Bank of America, and Founders Fund. They will be joining the Series D funding round as new backers, together with major companies like Paypal Ventures and Mithril Capital.

While these institutions were listed as “strategic investors”, the amounts of their contributions have yet to be revealed. Now, Paxos has raised over $540 million in funding.

Paxos uses innovative technology to build the regulated infrastructure that will facilitate an open, accessible, and digital economy. We’re defining this space and are excited to grow our enterprise solutions besides these market leaders.

Charles Cascarilla, CEO of Paxos

The Bank of America’s interest in the firm does not come out of left field. The company involved the bank in its Paxos Settlement services, which enables third parties to settle equity transactions.

The bank’s investment in Paxos could be a sign that it is seeing a future where blockchain technology is used in tandem with traditional financial institutions.

 

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us