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.

Frequently Asked Questions

Can Cryptoworth track Paxos stablecoin issuance and redemptions?

Yes. Paxos Gateway API emits real-time mint/redemption events with USD value metadata and timestamps. Cryptoworth ingests these to log ledger entries for asset liability balances and treasury reporting. Use our Crypto Accounting Software for integration.

How are tokenized gold (PAXG) transactions handled?

All PAXG mint, transfer, and redemption actions are recorded with on-chain proof and can be imported into Cryptoworth as separate asset line items with cost basis and valuation updates.

Does Cryptoworth support securities settlement via Paxos Settlement Hub?

Yes. Xi includes Paxos Settlement Hub data for commodity settlements. Each clearing event is tagged and matched in ledgers to ensure reconciliation and audit compliance.

Can Paxos Gateway support ERP-based reconciliation?

Absolutely. Paxos Gateway provides journal-ready feeds for stablecoin transactions, crypto trades, and redemptions—structured for NetSuite, QuickBooks, Xero, and Sage systems.