30 July 2021
Written By FinTech Alliance in Blockchain
Blockchain infrastructure business Paxos has added $40mn to its Series D funding round.
In Brief:
The top-up comes from Bank of America, Coinbase Ventures, Founders Fund and FTX.
The round was already at $300mn.
This brings the company’s current valuation to $2.4bn.
What does this mean?
Bank of America is already part of the Paxos Settlement Service and is among clients of Paxos which include Credit Suisse and Revolut.
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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