Paxos Standard (PAX) is controlled crypto resource. It is completely collateralized 1:1 by the U.S. dollar, affirmed and controlled by the NYDFS, and empowers quick exchanges.
Paxos Standard (PAX) was made by Paxos, a money related innovation organization determined to modernize fund by preparing resources at the speed of the web.
Paxos was the primary virtual cash organization to get a sanction from the New York State Department of Financial Services. As a sanctioned constrained reason trust organization with trustee controls under the Banking Law, Paxos can offer directed administrations in the crypto-resource and virtual products space.
The Paxos group originates from a wide assortment of foundations with a various exhibit of encounters running from Wall Street to Silicon Valley. It's driven by CEO and fellow benefactor Charles Cascarilla, who has spent his profession as a client, investigator, speculator and now maker of money related innovation.