Skip to content

Blockchain Platform Paxos to Add at Least 130 Hires in Singapore

  • Firm flags three-year job plan after getting Singapore permit
  • Stablecoin issuer Circle also received license in city-state

Blockchain platform Paxos Trust Co. LLC plans to add at least 130 hires in Singapore over the next three years after its unit in the city-state received a central bank license to offer digital-token payment services.

“Singapore will be our hub for growth outside the US,” Co-Founder Rich Teo said in an interview, adding as many as 180 people could be brought on over the 36-month period. The current headcount in Singapore is 20 and 350 globally, he said.