Paxos, a well-known blockchain infrastructure provider, has integrated Mesh's crypto payments network to streamline verified digital asset deposits for its institutional customer base, the companies announced December 15.

The partnership enables Paxos clients to verify ownership of external wallets and exchange accounts before transferring assets, addressing industry concerns around secure transfer mechanisms while maintaining regulatory compliance standards. The integration supports deposits of Paxos-issued stablecoins including PayPal USD (PYUSD) and Global Dollar (USDG).

"Paxos offers its customers the opportunity to safely participate in the digital asset economy," said Ronak Daya, Head of Product at Paxos. "By integrating with Mesh, we're ensuring those institutions can move value with speed, scale and confidence."

The collaboration extends beyond deposit verification. Mesh will join the Global Dollar Network, a stablecoin infrastructure initiative designed to expand USDG utility across partner platforms. The network aims to facilitate seamless deposits and transactions for the Paxos-issued stablecoin.

Addressing Industry Friction

Traditional crypto transfers have presented operational challenges for institutional users, requiring manual address verification and creating potential error points. Mesh's closed-loop system attempts to replicate the reliability of conventional payment networks for digital assets, eliminating manual processes that can introduce security vulnerabilities.

The integration allows Paxos to deploy verification technology across its customer base without requiring significant changes to existing workflows. For institutions managing large-scale digital asset operations, the system provides a mechanism to confirm source authenticity before accepting deposits.

"Paxos serves some of the world's largest financial institutions, and powering safe, compliant crypto movement at that scale requires infrastructure that's both rigorous and seamless," said Bam Azizi, Co-Founder and CEO at Mesh.

Mesh' Expanding Infrastructure

The Paxos integration follows several recent developments for Mesh. The company launched Mesh Wallet to enable AI agents to execute real-world transactions using stablecoins, and has secured over $130 million in funding from investors including PayPal Ventures and Coinbase Ventures.

Mesh has also established partnerships with payment platforms RedotPay and Rain, and opened an office in India to support international expansion efforts.

The integration arrives as institutional demand for compliant digital asset infrastructure continues to grow. Regulated platforms like Paxos face pressure to balance security requirements with user experience expectations, particularly as traditional financial institutions increase their digital asset exposure.

For Paxos, which provides blockchain infrastructure and tokenization services to enterprise clients, the Mesh integration represents an attempt to standardize deposit processes across its customer base while maintaining the regulatory frameworks that distinguish licensed platforms from unregulated competitors.

The partnership demonstrates how established financial infrastructure providers are adopting specialized fintech solutions to address specific operational challenges in digital asset management, rather than building all capabilities in-house.

Sources

• PR News: Paxos Selects Mesh To Enable Trusted Crypto Deposits
• Global Dollar Network: Official Website
• Ledger Insights: PayPal, Coinbase Ventures back crypto payments firm Mesh
• RedotPay: RedotPay Partners with Mesh to Bring Instant, Secure Stablecoin Payments to Everyday Life

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