Charles Cascarilla is the CEO and co-founder of Paxos, the company issuing USDP. In 2005, he co-founded Cedar Hill Capital Partners, an institutional asset management complex, and in 2012, he established Liberty City Ventures, a venture capital subsidiary. ^[1]

Early Life & Education

Cascarilla holds a Bachelor of Business Administration and Finance from the University of Notre Dame. He is a Certified Financial Analyst by the CFA Institute. ^[2]

Career

Cascarilla has been a Founding Board Member of the Association for Digital Asset Markets (ADAM) since November 2018. He is also a Partner at Liberty City Ventures, an early stage growth fund, since July 2012. Liberty City Ventures focuses on supporting visionary entrepreneurs leading disruptive internet/mobile startups, with a particular interest in areas such as media, ecommerce, payments, financial services, and brand engagement. ^[2]

Charles was a Co-Founder, Portfolio Manager, and Head of Research at Cedar Hill Capital Partners, an institutional asset management complex, from 2004 to January 2014. At Cedar Hill Capital Partners, he managed various funds, including hedge, venture, and private equity funds, with a focus on global financial services and related industries. Prior to that, Charles worked as a Financial Analyst at Goldman Sachs from January 2000 to September 2001. ^[2]

Paxos

In June 2014, he co founded itBit, which would be rebranded as Paxos in September 2016.The company was rebranded with the intention of emphasizing the company's objective to utilize consensus-driven blockchain technology in order to revolutionize the collaboration between global financial institutions. ^[3]

Paxos is the first regulated blockchain infrastructure platform. With more than $540 million raised, it aims to create a secure platform that enables the movement of all assets in a trustworthy way. ^[3]