30 July 2021

Paxos raises $40mn from Bank of America, Coinbase 

Written By FinTech Alliance

Paxos raises $40mn from Bank of America, Coinbase 

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. 

Read more here. 

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