# Charles Cascarilla

> Charles Cascarilla, also known as Chad, is the New York-based CEO and co-founder of Paxos. A former financial-services analyst and portfolio manager, he co-founded Cedar Hill Capital Partners in 2005 and Liberty City Ventures in 2012. His experience during the financial crisis informed Paxos’s focus on regulated blockchain infrastructure, including custody, stablecoin issuance and securities settlement. Paxos issues PayPal USD and helped launch Global Dollar Network; its record also includes a 2025 New York compliance settlement.

- **Role:** CEO and Co-Founder at Paxos
- **Organizations:** Paxos, Cedar Hill Capital Partners, Liberty City Ventures, Claiborne Capital, Goldman Sachs, Bank of America Securities, Coin Center, Association for Digital Asset Markets
- **From:** Lansing, United States
- **Education:** B.B.A. in Finance, University of Notre Dame
- **Known for:** Co-founded Paxos, Cedar Hill Capital Partners and Liberty City Ventures., Led Paxos through its 2015 New York trust charter and 2025 conversion to a national trust charter., Built institutional infrastructure used for PayPal USD issuance.

## Career timeline

- **1999** — Completed his Notre Dame finance degree; early career included Bank of America Securities and Goldman Sachs.
- **Before 2005** — Worked as a portfolio manager at Claiborne Capital.
- **2005** — Co-founded Cedar Hill Capital Partners.
- **2010** — Encountered Bitcoin and its potential for recording and transferring assets.
- **2012** — Co-founded Liberty City Ventures; Paxos dates its establishment to this year.
- **2015** — Paxos received the first NYDFS limited-purpose trust charter for a digital-asset company.
- **2020** — Paxos began its US equities settlement pilot in February; Cascarilla testified to the Senate Banking Committee in June.
- **2021** — Testified before the House Financial Services Committee on December 8.
- **2023** — NYDFS ordered Paxos to stop minting BUSD in February. PayPal launched Paxos-issued PYUSD in August.
- **2024** — Paxos joined partners in introducing Global Dollar Network and USDG.
- **2025** — Testified to the House in March. Paxos reached a $48.5 million penalty-and-compliance-investment settlement with NYDFS in August and converted to an OCC-supervised national trust charter in December.
- **2026** — Paxos Securities Settlement Company received SEC clearing-agency registration in May.

## Achievements

- Co-founded Paxos, Cedar Hill Capital Partners and Liberty City Ventures.
- Led Paxos through its 2015 New York trust charter and 2025 conversion to a national trust charter.
- Built institutional infrastructure used for PayPal USD issuance.
- Helped establish Global Dollar Network with multiple financial and digital-asset companies.
- Led Paxos as its securities-settlement subsidiary secured SEC clearing-agency registration in 2026.
- CFA charterholder.

## Latest updates

- **2026-10** — Appeared on The Stable Pulse on October 13 to discuss stablecoin infrastructure, institutional adoption and consortium models.
- **2026-05** — Paxos announced SEC clearing-agency registration for Paxos Securities Settlement Company on May 28.
- **2026-04** — Appeared on Empire on April 6 to discuss Paxos’s business model, stablecoins and a possible future IPO; the discussion did not announce a confirmed listing.
- **2025-12** — Paxos converted to an OCC-supervised national trust charter on December 12.

## Links

- Website: https://www.paxos.com/
- LinkedIn: https://www.linkedin.com/in/charlescascarilla/
- Twitter/X: https://x.com/chadcascarilla

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Profile page: https://yespress.io/charles-cascarilla
Published by YesPress — https://yespress.io
Last updated: 2026-10-26