Paxos, the first regulated blockchain infrastructure platform, today announced it has closed a $142 million Series C round of funding. Declaration Partners, the investment firm backed by the family office of David M. Rubenstein.
Other investors include Mithril Capital, PayPal Ventures, RIT Capital Partners plc, Ken Moelis, Alua Capital, Senator Investment Group and more. Previous Paxos investors also participated in the round, including RRE Ventures and Liberty City Ventures. To date, Paxos has raised more than $240 million in funding.
Paxos will continue investing in developing enterprise-grade infrastructure solutions while deepening its commitment to regulation, reliability and security. It will use this capital to accelerate growth, including scaling its operations and platform capacity to meet the demands of its expanding customer base. Read more…..
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Digital currency exchange Coinbase is going public as renewed investor interest in cryptocurrencies has pushed bitcoin to an all-time high. The IPO comes amid a record-breaking run for Bitcoin, which broke through $23,000. Brian Brooks, acting comptroller of the currency and former chief legal officer at Coinbase, joined “Squawk Box” on Friday to discuss.
