Paxos

What is Paxos?

Paxos is a **New York–chartered trust company** and regulated blockchain infrastructure provider, defining the foundation for enterprise-grade digital assets. Operating under the New York Department of Financial Services since 2015, Paxos issues fully-backed stablecoins (USDP, PYUSD, USDG, USDL), gold-backed token Pax Gold (PAXG), offers crypto brokerage services like itBit, and operates settlement infrastructure for both financial and commodity markets :contentReference[oaicite:7]{index=7}.

Paxos supports major enterprise clients like PayPal, Revolut, Standard Chartered, and others—offering whitelabel APIs for stablecoin issuance, crypto custody, trading, and blockchain-based securities settlement :contentReference[oaicite:8]{index=8}.

Key Features

• Regulated Stablecoins: USDP, PYUSD, USDG, and USDL are fully backed and redeemable 1:1, with reserve oversight by licensed banks and regulators :contentReference[oaicite:9]{index=9}.
• Gold‑Backed Token (PAXG): Tokenized LBMA-vaulted physical gold — enabling secure on-chain secondary sales and redemptions :contentReference[oaicite:10]{index=10}.
• Brokerage & Custody: itBit and brokerage APIs provide KYC-compliant trading, licensed custody, and settlement services.
• Settlement Hub: Enables straight-through settlement for securities and commodities, connecting banks and exchanges with reduced fees and settlement risks :contentReference[oaicite:11]{index=11}.
• Gateway API: Instant mint/redemption between fiat and crypto assets without fees on Paxos-issued assets :contentReference[oaicite:12]{index=12}.

Use Cases in Accounting & Treasury

• Stablecoin-backed Payments&Remittance: Instant mint-to-fiat cycles with clear ledger mapping for corporate treasury.
• Asset Tokenization: Digital gold and tokenized equity settlements flow through auditable chains and direct asset custody.
• Crypto Brokerage: Full trade and settlement data is captured with timestamps for ledger automation.
• Commodity & Securities Settlement: Blockchain-based infrastructure enables same-day clearance and auditability for institutional flows.
• API-Led Automation: Paxos Gateway and APIs allow real-time data ingestion into Cryptoworth-driven accounting workflows.

With a strong track record of regulatory compliance and high-profile institutional partnerships, Paxos delivers infrastructure that supports compliant crypto treasury, settlement, and reporting models built into enterprise-grade ERP systems.