Paxos is a regulated blockchain and tokenization infrastructure firm and the issuer of Pax Gold (PAXG) token, whereas WonderFi is a Canadian operator of regulated crypto platforms. Each are long-standing innovators within the digital asset business.
Their strategic funding helps to gasoline Argo’s mission to supply entry to digital gold and valuable metals by leveraging the experience of their companions in valuable metals, digital belongings, banking, and custody, Argo mentioned in a press launch.
“We’re thrilled to shut this funding spherical and welcome each Paxos and WonderFi as strategic buyers. Their experience and management within the digital asset area completely complement the imaginative and prescient of our founding buyers, the Sprott household and Peter Grosskopf,” Argo president Michael Petch mentioned in a information launch.
Official launch of the Argo digital gold and valuable metals platform is scheduled for subsequent month.