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Crypto Personalities

All You Need To Know About Charles Cascarilla, The Co-Founder of Paxos

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Kayelee Rosales

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Key Takeaways

  • Charles Cascarilla co-founded Paxos to use blockchain technology for faster, safer, and more transparent transactions between financial institutions. 
  • He began his career as a Financial Analyst at Goldman Sachs, where he gained valuable experience in market analysis and investment strategies. 
  • Since 2018, he has been a Founding Board Member of ADAM, promoting ethics and transparency in the digital asset industry.

Who Is Charles Cascarilla?

Charles Cascarilla is known as the CEO and co-founder of Paxos. He also played a big role in launching Cedar Hill Capital Partners in 2005 and Liberty City Ventures in 2012. Cascarilla earned his Bachelor of Business Administration and Finance from the University of Notre Dame and is a Certified Financial Analyst through the CFA Institute.

Early Career and Investment Banking

Cascarilla started his career as a Financial Analyst at Goldman Sachs from 2000 to 2001. There, he worked in investment banking and financial analysis, learning to evaluate markets and investments. This experience helped prepare him for later asset management, venture capital, and digital finance roles.

Digital Asset Industry Leadership

Since November 2018, Charles Cascarilla has been a Founding Board Member of the Association for Digital Asset Markets (ADAM). This organization promotes ethical standards, transparency, and best practices in the digital asset field to create a fair and well-regulated market.

Asset Management and Financial Services

Before working in venture capital, Cascarilla co-founded Cedar Hill Capital Partners. From 2004 to early 2014, he was a Portfolio Manager and Head of Research. At Cedar Hill, he managed different investment funds, including hedge, venture, and private equity. His primary focus was on financial services and related industries, where he handled investment strategies and looked for growth opportunities.

Venture Capital and Early-Stage Investments

Cascarilla has been a Partner at Liberty City Ventures since July 2012. Liberty City Ventures invests in early-stage companies and supports entrepreneurs who are changing the internet and mobile industries. 

The firm focuses on media, e-commerce, payments, financial services, and brand engagement. Liberty City Ventures helps startups grow by offering advice and financial support, helping them succeed in their markets.

Co-Founding Paxos

Cascarilla co-founded itBit in June 2014, a company that changed its name to Paxos in September 2016. The rebranding reflected the company’s goal of using blockchain technology to improve how financial institutions work together worldwide. 

Paxos focuses on making transactions between global financial organizations faster and safer by using a system that all parties agree on. The company offers services for digital asset storage, payments, and securities settlement in a regulated way.

Stablecoins and Crypto Growth

On September 26, 2022, Charles Cascarilla, CEO and Co-Founder of Paxos, joined the Thinking Crypto Podcast. He discussed Paxos’ crypto solutions, including their Stablecoins Pax Dollar (USDP) and Pax Gold (PAXG). 

The talk also covered important topics like Stablecoin and crypto regulations, Bitcoin adoption, and the growth of NFTs, giving a clear view of how Paxos is impacting the cryptocurrency industry.

Paxos and the Blockchain Revolution

As the CEO and co-founder of Paxos, Cascarilla is leading efforts to change the financial services industry using blockchain technology. The company aims to build a faster, safer, and more transparent economic system by using blockchain for quicker transactions, better compliance, and stronger financial systems. Paxos keeps working on new ideas to help financial institutions adjust to the fast-changing finance industry.

Personal Philosophy and Vision

Cascarilla’s leadership focuses on new ideas, teamwork, and strong ethical values. He is dedicated to building an open, inclusive financial system where technology can make positive changes. He believes blockchain can give more people access to financial services and help connect traditional finance with digital finance.

Final Thoughts

Charles Cascarilla has made important contributions to the financial and digital asset industries. Starting in investment banking and later leading Paxos, he has worked to improve financial transactions using blockchain technology. 

His focus on transparency, ethics, and new ideas is clear through his work with ADAM and his leadership at Paxos. Cascarilla aims to create a more open and efficient financial system, making him a key figure in the future of finance.

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Kayelee Rosales

About the Author

Kayelee is a visionary thinker and a writer at the forefront of cryptocurrency innovation. With a passion for blockchain technology and a keen eye for market trends, Kayelee is dedicated to educating and empowering individuals to navigate the complexities of the digital asset space, fostering greater understanding and adoption of blockchain technology.