New York headquartered cryptocurrency startup Paxos raised $300 million in Series D funding round at a valuation of $2.4 billion. The round was led by Oak HC/FT and also witnessed participation of existing investors including PayPal Ventures, Declaration Partners and Senator Investment Group, bringing the total amount of funds raised by Paxos to over $535 million.
Founded in 2012 by Charles Cascarilla and Richmond Teo, the cryptocurrency startup has evolved into a regulated financial institution building infrastructure to enable movement between physical and digital assets.
