Paxos, the parent company of the Bitcoin trading service itBit, is a financial technology company delivering blockchain solutions for global financial institutions.

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Products and services

Paxos’ flagship product is Bankchain, a next-generation platform-as-a-service (PaaS) blockchain settlement solution looking to transform post-trade across capital markets.

About the company

Paxos believes in building a foundation for the open financial system. The company ​​empowers financial leaders to build a more open, trusted economy. These leaders include PayPal, Bank of America, Novi, Mercado Libre, Interactive Brokers and Mastercard.


The company was established in 2012 by Rich Teo and Charles Cascarilla.

About the owners and the team

With the headquarters in New York City, Paxos is run by a small team managed by Charles Cascarilla, CEO and co-founder of the company.


  • 14b

Secondary focus

  • 14a (- 14b)

Number of clients:

  • 14f

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