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Pax Dollar was developed by Paxos, a financial technology firm focused on upgrading finance through moving assets at internet speed. Paxos became the first virtual currency business to obtain a charter from the New York State Department of Financial Services. Operating as a chartered limited purpose trust company with fiduciary authority under the Banking Law, Paxos can provide regulated offerings within the crypto-asset and virtual commodities sector. The Paxos team includes people from many disciplines, with experience spanning from Wall Street to Silicon Valley. It is led by CEO and co-founder Charles Cascarilla, whose career has included roles as a customer, analyst, investor, and now a builder of financial technology.
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