Tagged: walter hessert

Paxos Announces Expansion of Stablecoin Issuance to Solana Blockchain Platform

Paxos, the regulated blockchain & tokenization infrastructure platform, is pleased to announce a strategic expansion of its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this initiative represents “a significant milestone for the innovation and evolution of Paxos’s enterprise and consumer-facing businesses.”… Read More

Paxos Obtains In Principle Approval from MAS for New Entity, Will Issue USD-Backed Stablecoin in Singapore

Singapore at Night Marina Bay

Paxos, the regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services. Paxos Digital Singapore will issue “a new US dollar… Read More

Paxos Reports $120 Billion in Stablecoin Value on Five Year Anniversary

Five-Year Stablecoin Milestone Announced by Paxos Paxos, a regulated digital asset firm that powers the tech behind multiple crypto firms, is reporting having topped $120 billion in stablecoin value (issued and redeemed) over the past five years of the company’s operation. Paxos, which is regulated… Read More

Mastercard Partners with Paxos to Offer Crypto Trading Services

Mastercard (NYSE:MA) has partnered with leading digital asset platform Paxos to offer crypto trading to banking firms. According to a statement by Mastercard, “Crypto Source” is a new feature that provides an option for traditional financial services to offer crypto trading services. Walter Hessert, Head… Read More

Flourish Crypto to Help RIAs Offer Crypto Investing Services

Flourish, a provider of technology for registered investment advisers (RIA), today launched Flourish Crypto, a turnkey cryptocurrency investing solution. Flourish Crypto is built on the Flourish Platform, which is offered through Flourish Digital Assets and Paxos Trust Company. The company is wholly owned by MassMutual…. Read More

Jeremy Allaire, founder of Fintech Circle: “We won’t Believe that We Ever Needed to Pay to Send Money” in the Future

Jeremy Allaire, founder of Circle Internet Financial, a peer to peer payments technology firm, has said that in the future, when we look back at how transactions were conducted, we “won’t believe that we ever needed to pay to send money.” San Francisco-based crypto exchange… Read More