Paxos Trust Company
| Formerly | itBit |
|---|---|
| Company type | Limited purpose trust company |
| Industry | Financial technology |
| Founded | 2012 |
| Headquarters | New York, NY |
Key people | |
| Website | paxos |
Paxos Trust Company is a New York–based financial institution and technology company specializing in blockchain. The company's product offerings include a cryptocurrency brokerage service, asset tokenization services, and settlement services. ItBit, a bitcoin exchange run by Paxos, was the first bitcoin exchange to be licensed by the New York State Department of Financial Services, granting the company the ability to be the custodian and exchange for customers in the United States.
Paxos was founded in 2012 and is based in New York City, with offices in London and Singapore. As of April 2021, the company has received $540 million in funding.