Paxos, a NYC-based regulated blockchain infrastructure platform, closed a $142m Series C funding round.

Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, led the round, which includes investments from Mithril Capital, PayPal Ventures, RIT Capital Partners plc, Ken Moelis, Alua Capital, Senator Investment Group and more. Previous investors also participated in the round, including RRE Ventures and Liberty City Ventures. To date, the company has raised more than $240m in funding.

The company will use this capital to accelerate growth, including scaling its operations and platform capacity.

Led by Charles Cascarilla, CEO and Co-Founder, Paxos is a regulated financial institution creating a global and open economy. By building infrastructure to enable movement between physical and digital assets where money, commodities and securities are digitized and can move instantaneously, 24/7.

Today, Paxos technology makes it possible to tokenize, custody, trade and settle assets. It offers crypto solutions for enterprises, crypto trading, and settlement solutions for securities and commodities. Clients include PayPal, Credit Suisse, Societe Generale, StoneX, Revolut and many more enterprises.

The company has offices in New York, London and Singapore.