Paxos uses technology to tokenize, custody, trade and settle assets. It operates a crypto brokerage, a settlement service to settle US equities, and post-trade automation for the commodities and FX markets. It also offers a branded US dollar-backed Stablecoin and PAX Gold – a digital token backed by physical gold. Its customer list includes global companies including PayPal, Credit-Suisse, Societe Generale, StoneX and Revolut. It is well-funded having raised $240 million in equity from leading investors including Declaration Partners, Mithril Capital and PayPal Ventures. It has offices in New York, London and Singapore, and is expanding operations across the world.