Blockchain And Cryptocurrency Startup Paxos Raises 65 Million

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NEW YORK – Blockchain and cryptocurrency startup Paxos has raised $65 million from investors including venture capital firms RRE Ventures and Liberty City Ventures, the New York-based company said on Thursday.

Paxos will use the cash injection to expand its operations, which include providing blockchain-based services to financial institutions, as well as operating cryptocurrency exchange and custodian itBit, it said.

Private equity executive Jay Jordan, also participated in the investment, Paxos said.




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