Paxos opens R&D center in Israel to focus on transaction signing and crypto custody security

Rick Steves

“Paxos is looking to expand its team in Israel in 2023 and beyond, giving engineers the opportunity to work on cutting-edge financial products and shape the future of the global economy.”

tel aviv

Paxos has opened an engineering research and development center focused on security and cryptography in Israel.

The center aims to become an incubation hub for cryptography researchers and security experts, with a focus on developing secure blockchain solutions through multiparty computation.

“Israel has emerged as a hub for cryptography and security engineering”

The regulated blockchain and tokenization platform plans to expand the center by hiring senior, staff and principal engineers with expertise in enterprise-grade security, applied cryptography, and blockchain technology.

Engineers at the center will play a crucial role in building and refining crucial aspects of the Paxos platform, such as transaction signing and digital asset custody security. The platform is responsible for securing billions of dollars in transactions and must maintain high levels of security, stability, and transparency.

Vitaliy Liptinchisky, Senior Director of Engineering at Paxos, said, “Israel has emerged as a hub for cryptography and security engineering and has some of the most talented developers in the field. We believe that these specialized skills are crucial to our mission of redefining financial markets, and we’re excited to grow our team in the region.”

Marina Bunin, Director of Engineering at Paxos in Israel, added, “Paxos is looking to expand its team in Israel in 2023 and beyond, giving engineers the opportunity to work on cutting-edge financial products and shape the future of the global economy.”

Paxos has a remote-first culture, but also offers satellite locations for team members to work in an office setting. The company has a global presence with over 200 engineers and has received recognition on lists such as the Forbes Fintech 50, CB Insights Blockchain 50, and Built In’s “Best Places to Work.”

Paxos allows for the tokenization, custody, trade, and settlement of assets. The company has received funding from top investors, including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital, and PayPal Ventures, and has offices in New York, London, and Singapore.

The firm has most recently received a payment institution license in Singapore, a milestone for the stablecoin issuer but also another step forward for the jurisdiction, which has already approved over 20 crypto firms.

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