Chunda

This account is verified. Learn more

@ChundaMcCain

Co-Founder @paxoslabs

Previously @nucleusearn (acq), @blockchaincap

Joined September 2016

723 Following 2K Followers 402 Posts

Latest posts 5

Pinned post

Chunda @ChundaMcCain Sep 24

I'm excited to share one of our most significant product releases to date at @paxoslabs: PAXGy.

Launched in partnership with @okx, @ether_fi, @Uniswap, @0xProject, @XLayerOfficial, and @chainlink

Historically, owning gold onchain has been a passive experience: you buy it, and you hold it. PAXGy changes this.

We built it for the use cases we've heard about most:

- Treasuries and asset managers looking for a stable collateral asset that opens access to capital at competitive pricing

- Exchanges, wallets, and neobanks that want to offer users a gold product through a single integration

- Long-term gold holders who want to stay denominated in gold while accruing additional PAXG over time

The response ahead of launch has been remarkable. We're in active conversations with exchanges, wallets, neobanks, and institutional credit desks across the ecosystem, and we'll share more on where you can use PAXGy in the coming weeks.

We've always believed global markets will settle onchain. PAXGy is the next step in making that a reality.

Learn more: paxgy.com

www.paxgy.com PAXGy | Tokenized gold that grows in gold terms The institutional gold lending market has paid a return for decades. PAXGy opens it to everyone who holds gold. A PAXG-backed token that grows in gold terms, live onchain.

Paxos Labs @paxoslabs Sep 24

Gold lending has been quoted every working day for fifty years, yet is still closed to almost everyone who owns the asset.

Institutional minimums, bullion bank relationships, settlement infrastructure.

PAXGy changes that.

Live today on @okx and onchain on @Uniswap, @XLayerOfficial, @0xProject, @ether_fi, powered by @chainlink CCIP.

Gold that grows. paxgy.com/x

View quoted post on X

Chunda @ChundaMcCain 2d

People have trusted gold as a store of value for as long as it’s existed, but most holders still can’t earn anything on it.

I enjoyed talking with @TheDryRunPod about why gold's capital markets have been closed off, the current macro environment around gold, and what changes when more people can get access to them.

Dry Run Verified account @TheDryRunPod 2d

How does gold lending work?

Chunda McCain (@ChundaMcCain), co-founder of Paxos Labs (@paxoslabs), joins the Dry Run to talk about why the world’s most liquid commodity has so few lenders, and what that does to the businesses that run on gold.

00:33 Borrowers, lenders, and syndicators
04:51 Why bullion exchanges need physical gold
06:48 Roughly $40 TRILLION in gold volume in one month
07:54 Hiring crowd control for people selling gold
11:15 How a refiner’s hedge can blow up the business
14:02 Gold holders are leaving income on the table
18:55 Nation states sold US bonds and bought gold
24:20 Buying equities with gold
29:04 Collateral that pays you income

View quoted post on X

Chunda @ChundaMcCain Jul 14

Today, we @paxoslabs officially launch Transit: the onchain orchestration platform for stablecoin movement.

Every platform and protocol today is taking the step to onboard stablecoins for their users. Simultaneously, every platform is realizing the complexity that comes with becoming stablecoin-native in a rapidly expanding ecosystem of stablecoin issuers.

Transit is purpose-built to address this reality.

Meant for enterprise scale, Transit enables enterprises to move from stablecoin to stablecoin within and across blockchain networks.

From $5 orders to $50MM+, Transit provides platforms access to predictable stablecoin settlement no matter the scale.

No more variable slippage, congestion pricing, or size-based premiums on stablecoin movement.

A single rate. From the day you integrate.

If you lead a payment company, exchange, neobank, fintech, or financial institution that supports stablecoins today, reach out! We'd love to support the next step in your stablecoin journey.

Paxos Labs @paxoslabs Jul 14

Introducing Amplify Transit.

Stablecoin movement, on your terms.

Every platform is adding stablecoins. But moving between them at scale, 24/7, at a predictable price is still difficult.

Transit.

Stablecoin conversion infrastructure that moves between major stablecoins across chains at a fixed rate, at any size, whether $5 or $50M.

Live on @RobinhoodCrypto with our partners, @Morpho, @jumperapp, @AcrossProtocol and @arcus_xyz from day zero, with more than $30M moved since July 1.

Predictable fees. Locked rates.

More platforms and ecosystems to be announced soon.

View quoted post on X

Chunda @ChundaMcCain May 14

Excited to see the next stage of the podcast!

Been a fan since the days of Bips and Sips 🙌🏾

Dry Run Verified account @TheDryRunPod May 14

Introducing Dry Run, a podcast for new ideas in fintech.

There's an extraordinary amount of innovation happening right now. We sit down with builders and thinkers close to the work, making sense of what's changing and where things are headed.

A space to take new ideas for a spin, explore them, and challenge them out loud.

We're excited to share these conversations with you.

With love,
Eshita and Khushi

View quoted post on X

Chunda @ChundaMcCain Apr 14

Today, we @paxoslabs officially launch Amplify: the financial utility stack for digital assets.

Every platform to date that has invested in enabling users to hold digital assets is now confronting the same strategic reality:

Asset custody is not the product, it is just the starting point.

The first era of digital finance was about access. @Paxos spent over a decade building the enterprise rails that brought digital assets to the world; $180B+ in issuance activity, OCC and MAS regulatory approvals, and infrastructure powering PayPal, Mastercard, Stripe, Robinhood, and dozens of the world's largest financial institutions.

That chapter is largely complete. The next one is beginning.

The platforms that define the next decade of finance will be distinguished by what they built on top of those assets, for their users and for their business.

Amplify is the infrastructure we built to close that gap. A single integration. Three live modules.

Earn: Embed institutional-grade yield on digital assets directly into your platform.

Borrow: Integrate digital asset-backed credit markets with automated collateral management and institutional compliance controls.

Mint: Issue a fully branded digital dollar complete ownership of your platform economics, and every operational complexity handled at the infrastructure level.

Built for enterprise scale, with each module independently configurable and programmatic revenue sharing built into the architecture from day one.

If you lead a payment company, exchange, neobank, fintech, or financial institution with a digital asset mandate, reach out!

We have taken the first step together as an industry, we are excited for the rest of the journey to come.

Paxos Labs @paxoslabs Apr 14

Every major fintech company, neobank, and exchange has begun to support crypto or has already done so.

The harder question every product team is now facing is: What now?

View quoted post on X