Founded by Paxos, Pax Dollar (USDP) is the first digital asset to be issued by the Financial Institution Group and fully secured in U.S. dollars. Paxos is the first virtual currency company to be chartered by the New York State Department of Financial Services. As a chartered limited purpose trust with fiduciary rights under the Banking Act, Paxos is able to provide regulated services in the cryptoassets and virtual goods space.

The Paxos team comes from a wide variety of backgrounds, from Wall Street to Silicon Valley, with a wide variety of experience. It is led by CEO and co-founder Charles Cascarilla, who has spent his career as a client, analyst, investor and now a creator of financial technology. Paxos became the most widely adopted cryptocurrency in the fastest time, backed by more than 20 exchanges and over the counter departments within its first five weeks of existence. It has been listed by six of the top ten cryptocurrency exchanges Binance, OKEx, Gate.io, ZB, KuCoin and DigiFinex.

The above is for introduction only and is not intended as investment advice.