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Paxos, a NYC-based regulated blockchain infrastructure platform, closed a $142m Series C funding round. Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, led the round, which includes investments from Mithril Capital, PayPal Ventures, RIT Capital Partners plc, Ken Moelis, Alua Capital, Senator Investment Group and more. Previous investors also participated in the round, including RRE Ventures and Liberty City Ventures. To date, the company has raised more than $240m in funding. The company will use this capital to accelerate growth, including scaling its operations and platform capacity. Led by Charles Cascarilla, CEO and Co-Founder, Paxos is a regulated financial institution creating a global and open economy. By building infrastructure to enable movement between physical and digital assets where money, commodities and securities are digitized and can move instantaneously, 24/7. ....
Paxos Raises $142 Million in Series C Funding Paxos has raised $240 million total, making it a top funded blockchain company Paxos will continue to grow and expand its financial market infrastructure platform News provided by Share this article Share this article NEW YORK, Dec. 17, 2020 /PRNewswire/ Paxos, the first regulated blockchain infrastructure platform, today announced it has closed a $142 million Series C round of funding. Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, led the round, which includes investments from Liberty City Ventures. To date, Paxos has raised more than $240 million in funding. Charles Cascarilla, CEO and Co-Founder of Paxos, commented, In the last year, global adoption of crypto and blockchain-based solutions by enterprises has accelerated. We are proud to count among our clients global leaders in payments, banking, trading and fintech, such as PayPal, Credit Su ....
Paypal’s Crypto Partner Paxos Raises $142m In Series C Funding U.S-based regulated blockchain platform Paxos raised $142 million in its Series C funding round completed yesterday. The round was led by investment firm Declaration Partners, with other contributors such as Senator Investment Group, Alua Capital, Ken Moelis, RIT Capital Partners plc, PayPal Ventures, and Mithril Capital. Other investors that participated in the funding round include Liberty City Ventures and RRE Ventures. The stablecoin operator has now raised $240 million in total when other funding rounds are added. Funds will be used to accelerate growth Before the Series C funding, Paxos said it intends to plunge the capital into growth acceleration, including increasing its platform capacity and scaling its operations. ....