American Paxos Trust Company has introduced its first client — international mobile bank success story Revolut, on its new Paxos Crypto Brokerage (PCB). The PCB enables companies to integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications. Paxos is the first USA-regulated trust company for digital assets.
PCB is a turnkey, easy-to-integrate API-based solution that provides access to the $200 billion cryptocurrency market while managing the underlying regulatory and technological complexity.
Charles Cascarilla, CEO and Co-Founder of Paxos, commented:
“The digital asset revolution has started and more and more companies like Revolut see it coming. With Paxos Crypto Brokerage, companies can leverage our expertise and regulatory compliance to easily and securely integrate crypto into their applications. We’re proud to offer financial market infrastructure that supports an open, digital financial future.”
Nik Storonsky, Founder & CEO of Revolut said:
“In order to expand our crypto offering to US customers, we had to find a trusted partner. We chose Paxos Crypto Brokerage because their turn key solution is fully compliant and easy to integrate. The Paxos platform offers the security and liquidity we need to offer our users the best crypto experience.”
Paxos Crypto Brokerage is a solution for payments, wealth management, banking or other technology company interested in entering the high-growth cryptocurrency markets to build new business line opportunities.
Paxos is a New York-regulated financial institution on a mission to create a global, frictionless economy. By building infrastructure to enable the movement between physical and digital assets, Paxos is creating a future where all assets—from money to commodities to securities—are digitized and can move instantaneously 24/7. Paxos is the largest issuer of regulated stablecoins including Binance USD (BUSD), a white-label stablecoin offered through Paxos Stablecoin as a Service. Paxos products also include Post-Trade Confirmation Service, which has been used to confirm over $2 trillion commodities and FX trades, and Paxos Settlement Service, a settlement platform for US-listed equity securities. With offices in New York, London and Singapore, Paxos is a global player in the crypto arena.