Fintech · Redwood City, United States
PAX Markets
PAX Markets is a Redwood City-based exchange and co-located trading facility that co-designs hardware and software to run the matching engine on-chip, enabling ultra-fast crypto-to-Wall Street trading; it currently uses AWS FPGA F2 and aims to expand to U.S. equities.
Work at PAX Markets?
- Location
- Redwood City, United States
- Team size
- 1-10
- Total raised
- $130k
- Seed · last round Mar '25
About PAX Markets
PAX Markets (W25) is an exchange and co-located trading facility built on a chip, headquartered in Redwood City, California. With six employees, it operates in the FinTech and Banking and Exchange industries, led by founders Benjamin Kilimnik (CTO) and Pete Stevenson (CEO). PAX is engineering an exchange on a chip by co-locating high-frequency trading logic directly onto the same silicon device as the exchange matching engine, using hardware-software co-design with silicon-implemented components and technologies such as Rust and SystemVerilog. The company currently runs on AWS FPGA F2 instances and plans to develop custom ASICs for higher-volume trading, with ambitions to expand beyond its crypto focus to establish a U.S. equities ATS and other asset classes. PAX markets itself as the fastest exchange with the fastest tick-to-trade from crypto to Wall Street.
Funding
$130ktotal raised
- Mar 2025 · Seed$130k
Company at a glance
The team at PAX Markets
1-10 peopleSee everyone on LinkedIn
Location
Life at PAX Markets
Frequently asked questions
PAX Markets is based in Redwood City, United States.
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