How does Paxos operate as a crypto bank?

[cryptobro]

Paxos functions similarly to a traditional bank but for digital assets. It offers services like:

Stablecoin issuance – pegged to fiat currencies for safe crypto transactions.

Custody solutions – securely holding crypto for clients and institutions.

Tokenized assets – allowing assets like gold, stocks, or bonds to exist on a blockchain.

Settlement infrastructure – enabling near-instant crypto payments and transfers.
By combining these services, Paxos provides banks and institutional investors a bridge to crypto markets without the risks of unregulated exchanges.

[Nahid Hossen]

Paxos operates more like regulated financial infrastructure than a typical crypto startup.

[Abdul Khan]

Its custody, settlement, and stablecoin services mirror core banking functions.

[Nahid Hossen]

It’s an easy entry point for investors bullish on Solana’s ecosystem.

[JanEmil]

In 3 years all banks have BTC I think