Paxos is a regulated blockchain and tokenization infrastructure company and the issuer of Pax Gold (PAXG) token, while WonderFi is a Canadian operator of regulated crypto platforms. Both are long-standing innovators in the digital asset industry.
Their strategic investment helps to fuel Argo’s mission to offer access to digital gold and precious metals by leveraging the expertise of their partners in precious metals, digital assets, banking, and custody, Argo said in a press release.
“We are thrilled to close this investment round and welcome both Paxos and WonderFi as strategic investors. Their expertise and leadership in the digital asset space perfectly complement the vision of our founding investors, the Sprott family and Peter Grosskopf,” Argo president Michael Petch said in a news release.
Official launch of the Argo digital gold and precious metals platform is scheduled for next month.