May 5, 2021 Paxos raises $300M.

Paxos has raised $300M in a Series D round led by Oak HC/FT. The round, which values Paxos at $2.4B, also included participation from Declaration Partners, PayPal Ventures, and Mithril Capital. Paxos plans to onboard more institutional clients following the announcement its partnership with PayPal last year.