Paxos is a regulated blockchain and tokenization infrastructure company founded in 2012. It builds digital asset, custody, settlement, and stablecoin services for financial institutions and enterprises.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Paxos shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
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Full offering memoranda and risk disclosures provided before any commitment is required.
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Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| Apr 2021 | Series D | ||
| Dec 2018 | Series C | ||
| Mar 2018 | Series C | ||
| May 2017 | Series B | ||
| Oct 2015 | Series A |
Paxos closed a $300 million Series D round led by Oak HC/FT, with backing from PayPal Ventures, Mithril Capital and other existing investors. The company said the new capital would help it hire across functions, scale operations and expand platform capacity.
Paxos describes itself as a regulated blockchain infrastructure platform and says it builds digital asset solutions for global leaders in financial services. Its regulatory-first positioning has been a core part of the company narrative since earlier funding announcements.
Paxos said its Series C round brought total funding to more than $240 million, with the round led by Declaration Partners and participation from PayPal Ventures and Mithril Capital. The company said it would use the capital to keep growing and expanding its financial market infrastructure.
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No. As of March 2026, Paxos is a private company and does not trade on any public stock exchange. Accredited investors can access Paxos shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Paxos does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Paxos shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Paxos shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Paxos builds regulated blockchain, custody, settlement and stablecoin infrastructure for financial institutions and generated $180M in 2025 revenue, after raising $300M at a $2.4B valuation — accredited investors can access Paxos stock through UpMarket.