Tuesday, December 6, 2022

As PayPal integration looms, Paxos CEO sees mass adoption for tokenized assets By Cointelegraph

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As PayPal integration looms, Paxos CEO sees mass adoption for tokenized assets

In a panel last week for the London Bullion Market Association, Paxos founder and CEO Charles Cascarilla discussed the growth of Paxos’ gold-backed ERC-20 token, PAXG, and the future of asset tokenization more generally — a future that could well involve his company’s recently-announced integration with financial giant PayPal.

Speaking alongside Fidelity Labs director of product management Raghav Chawla and the LBMA’s Sakhila Mirza, Cascarilla told viewers that an asset-backed gold token was a natural fit for Paxos’ vision: