Paxos, the leading regulated blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. „Through this collaboration, Standard Chartered will provide cash management, trading, and custody services, further strengthening the infrastructure supporting the trusted digital assets in Singapore and UAE.” – according to the press release.
Both USDG and USDL are fully backed and trusted stablecoins issued under prudential regulatory oversight. Paxos maintains rigorous standards in reserve management and exclusively holds short-term, highly liquid US government securities and cash equivalents to ensure that stablecoins maintain 1:1 parity with the US dollar. This guarantees seamless convertibility to fiat currency while reinforcing trust in Paxos’ ecosystem.
„Through this collaboration, Standard Chartered will support Paxos’ global tokenization platform by offering seamless integration with a comprehensive suite of banking capabilities across transaction banking, financial markets, and securities services. With a strong commitment to engaging with global regulators, Standard Chartered delivers tailored solutions to navigate the complexities of digital asset custody, making it a strong banking provider for Paxos’ digital assets. This relationship also simplifies how companies can access Paxos’ suite of trusted stablecoins.” – the company explained.
Adam Ackermann, Head of Treasury and Portfolio Management at Paxos, said: “As the stablecoin industry continues to attract the world’s leading enterprises, it’s more important than ever to ensure they have access to sophisticated, institutional-grade products. Standard Chartered’s commitment to risk management, compliance and operational efficiency across its world-class banking solutions is critical to Paxos as a regulated stablecoin issuer.“
John Collura, Global Head of Banks & Broker Dealer Sales and Head of Europe & Americas for Financing and Securities Services at Standard Chartered, said: “Our partnership with Paxos reflects Standard Chartered’s commitment to shaping the future of digital finance with trust and innovation. By providing robust cash management, trading, and custody services, we’re enabling the next generation of secure and regulated digital assets solutions that drive global adoption and economic inclusion.”
Global Dollar (USDG) is a US dollar-backed stablecoin issued by Paxos Digital Singapore, and is substantively compliant with the Monetary Authority of Singapore’s (MAS) upcoming stablecoin regulatory framework. This ensures USDG meets the highest standards of consumer protection and regulatory compliance. Paxos International, which is regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market, launched the US dollar-backed stablecoin Lift Dollar (USDL) earlier this year. USDL passes daily programmatic safe yield to its end holders.
Paxos has a strong track record in the industry as a blockchain and stablecoin infrastructure provider. Prudentially regulated by top global entities with guaranteed 1:1 asset parity, Paxos stablecoins are built to suit and exceed the best interests of digital asset holders globally.
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Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.
Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank.
Paxos is licensed to engage in virtual currency business activity by the NYDFS and is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Its affiliate company Paxos International issues the yield-bearing stablecoin Lift Dollar (USDL). Paxos Digital Singapore is the issuer of Global Dollar (USDG), a USD-backed stablecoin that powers the Global Dollar Network and is substantively compliant with MAS’ upcoming stablecoin regulatory framework.
Prudentially regulated by the NYDFS in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.
Banking 4.0 – „how was the experience for you”
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