Modern Treasury announced a partnership with Paxos, a regulated blockchain and tokenization infrastructure platform, to make it easier for businesses to start using stablecoin payments alongside their payment methods. Under the partnership, Modern Treasury will integrate Paxos’ stablecoin and settlement technology into its platform.
This will allow businesses to originate, “reconcile, and manage stablecoin payments with the same controls and efficiency they expect from traditional payment methods.”
Modern Treasury will also join the Global Dollar Network, a network of global enterprises working “to grow stablecoin adoption with a transparent, equitable rewards model powered by USDG.”
Paxos issues regulated USD-backed stablecoins and provides the underlying technology that powers digital-asset capabilities for enterprises such as PayPal, Mercado Libre, Stripe, and Nubank.
By integrating its technology, Modern Treasury will help customers easily move between fiat and stablecoins and deliver advantages such as:
- Real-time settlement across borders and counterparties
- Reduced operational overhead with API-driven financial workflows
- Built-in compliance to streamline regulatory adherence
- Unified visibility across both traditional and digital currency transactions
The partnership reflects enterprise demand “across an array of industry verticals for stablecoins in global payments.”
Modern Treasury and Paxos aim to accelerate “adoption by making stablecoin payments simple, secure, and scalable.”
As noted in the update, Modern Treasury provides the infrastructure for global money movement.
Leveraged by various enterprises and FIs, the platform helps businesses launch and “scale payment experiences with developer tools and a single API for fiat and stablecoin transactions.”
With built-in compliance, ledgering, and reporting, Modern Treasury enables instant “money movement for companies of all sizes.”
Backed by investors including Benchmark, Altimeter, and Salesforce Ventures, Modern Treasury has powered over “$400 billion in payments for hundreds of organizations.”
As mentioned in the announcement, Paxos is a blockchain and tokenization infrastructure platform that “supports the secure movement of assets for global enterprises.”
The company builds tech that lets institutions offer digital asset services under strong regulatory oversight and “standards of security, and issues USD-backed stablecoins used by millions of users around the world.”
Prudentially regulated by FIN-FSA in Europe, the OCC in the U.S., the MAS in Singapore, and FSRA in Abu Dhabi Global Market, Paxos is a fintech with more than $500 million raised from investors, “including Oak HC/FT, Declaration Partners, Founders Fund, and PayPal Ventures.”