

Co-founder & CEO of Paxos
Chicago, United States
Charles Cascarilla is an American fintech entrepreneur and investor. He is the CEO and co-founder of Paxos, a regulated financial company developing the infrastructure to facilitate the transfer of digital and physical assets. Quick Facts Full name Charles Cascarilla Birth 1979, United States Nationality American Education Finance from the University of Notre Dame Wife/Partner Married Net worth Estimated in millions Paxos is paving the way for a future in which all assets, including cash, commodities, and securities, are digital and capable of immediate, round-the-clock movement by constructing the infrastructure necessary to facilitate the transfer of physical and digital assets. Under his leadership, Paxos launched stablecoins like Pax Dollar (USDP) and Binance USD (BUSD), along with blockchain settlement solutions for institutions. Charles Cascarilla - Career Timeline • 2005 – Co-founded Cedar Hill Capital, focusing on asset management. • 2012 – Launched Paxos, aiming to modernize financial infrastructure. • 2018 – Introduced Paxos Standard (now USDP), a regulated stablecoin. • 2019 – Developed blockchain settlement solutions for Wall Street firms. • 2020 – Partnered with PayPal to enable crypto transactions. • 2021 – Binance USD (BUSD) became one of the top stablecoins. • 2023 – Pushed for clearer crypto regulations and institutional adoption. • 2024 – Focused on expanding tokenized assets in traditional finance. Additionally, ALS Biopharma, Project ALS, and The Centurion Foundation are among the private enterprises and nonprofits he serves on the boards of. He is also a member of the Hyperledger Project's Governing Board.
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