Paxos raises $300M to build a cryptocurrency infrastructure giant

posted 5 months ago
Paxos has raised a $300 million Series D funding round led by Oak HC/FT. With today’s funding, the company is now valued at $2.4 billion. The company has been building infrastructure and white-label services for enterprise clients that want to offer cryptocurrency products to their own customers.

In particular, Paxos has partnered with PayPal for its cryptocurrency features.
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