NY-based blockchain settlement platform raised a $65m Series B round of financing led by Liberty City Ventures, RRE Ventures, and Jay Jordan. Paxos has raised a total of $93 million in capital to date.
"It is a crucial time in the financial markets. We are at an inflection point to reduce the risk in our financial system and free capital trapped by an archaic settlement system," said Charles Cascarilla, CEO of Paxos. "Over the past three years, we have focused on building the right infrastructure to enable a modern-day settlement solution that will unlock capital, mobilize assets and create value."