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Organisation

Paxos

2 placements on ChainChoice under Paxos, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Tokenised Commodities
How you can lose money here, and what the ranking scores
  • Insolvency failure (Pax Gold (PAXG) 8/10): the firm or issuer that owes you cannot pay.
    Scored by Vault and independent verifier · 30%
  • Exit failure (Pax Gold (PAXG) 3/10): you cannot get out at par, on time, or with what is yours.
    Scored by The smallest amount an ordinary holder can turn back into metal · 26%
  • Information failure (Pax Gold (PAXG) 8/10): the number is wrong or bought, or your data leaks.
    Scored by Whether you can open the latest reserve report right now · 22%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Regulatory failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Round-trip cost with spread (22%).
Stablecoin Issuance Platforms
How you can lose money here, and what the ranking scores
  • Control failure (Paxos (Stablecoin Issuance / Stablecoin-as-a-Service) 4/10): a key or vote changes the rules, freezes or mints.
    Scored by Who Holds the Mint Key, and What the Brand Keeps If It Leaves · 22%
  • Regulatory failure (Paxos (Stablecoin Issuance / Stablecoin-as-a-Service) 8/10): no licence where you are, or a forced market exit.
    Scored by Whose Charter the Coin Is Issued Under · 35%
Not assessed by this ranking: Liveness failure, Custody failure, Insolvency failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: What Share of the Reserve Yield the Brand Keeps (25%), Published Platform Price to the Issuer (18%).