Paxos is a fintech company that has been pushing to break the barrier between regulation and cryptocurrency, being the first company receiving a charter from the NY State Dept., which gives them fiduciary powers under the Banking Law. The team aims to utilize their regulated trust powers along with their blockchain expertise to reduce risk and simplify settlements. PAX is a stablecoin and is listed as the preferred option to its counterpart Tezos on 6 of the top 10 major exchanges. The CEO has previous experience at Goldman Sachs and Bank of America, and prides himself on being the leader of the first digital asset to be issued by a financial institution and fully secured by the US dollar.
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