For today’s episode I’m joined by Paxos chief revenue officer Michael Coscetta to discuss the firm’s ambitions in Brazil, Latin America and beyond.
Paxos is a blockchain and digital asset infrastructure firm last valued at US$2.4 billion following its Series D fundraise in 2021. Its focus on providing enterprise grade solutions to regulated banks and financial services companies. Its offerings include white label stablecoins, asset tokenization, trading and digital asset custody.
In this episode we discuss:
Paxos’s 10+ year history operating on the regulated side of the digital asset industry
Compliance as a core approach to Paxos’s business strategy
How Paxos supports use cases like payments, remittances, trading, liquidity and tokenization
The recent launch of PayPal’s PYUSD stablecoin, which uses Paxos infrastructure
Why the firm sees Brazil and Latin America as a critical of its roadmap
How Paxos has already developed several large clients in the region, such as Nubank, Mercado Pago and - until recently - PicPay
I really enjoyed this conversation and I hope you do as well.
Have a great week everyone,