Covalent vs Paxos
Covalent
The data infrastructure for the onchain economy. Verified data across 100+ chains
46 employees · est. 2018 · Canada
Paxos
Blockchain infrastructure for enterprises. Regulated by the OCC in the US, FIN-FSA in the EU, and MAS in Singapore
313 employees · est. 2012 · New York, United States
Paxos is the older company (2018 vs 2012); Paxos is the larger of the two.
Side-by-Side Comparison
| Metric | Covalent | Paxos |
|---|---|---|
| Founded | ||
| Founded | 2018 | 2012 older |
| Headquarters | ||
| Headquarters | Canada | New York, United States |
| Employees | ||
| Employees | 46 | 313 larger |
| Industry | ||
| Industry | Blockchain, Fintech, Information Technology | Blockchain, Crypto, Financial Services |
| Total Funding | ||
| Total Funding | $35.10M | $535.30M |
| Funding Rounds | ||
| Funding Rounds | 7 | 6 |
| Services | ||
| Services | Unified Onchain Data, Data Structuring and Verification, Multichain Data Indexing, API for Blockchain Data, Real-time and Historical Data Delivery | Blockchain Infrastructure, Stablecoin Issuance, Crypto Brokerage, Crypto Infrastructure, Payments and Payouts |
| Target Customers | ||
| Target Customers | Developers, Blockchain Applications, AI and Autonomous Systems, DeFi Platforms, Financial Services Moving Onchain | Enterprises, Global Leaders, Financial Institutions, Developers |
| Taxonomy | ||
| Taxonomy | Blockchain TechnologyDistributed Ledger TechnologyRead-ScalabilityUnified APIData InfrastructureEnterprise Blockchain Solutions +9 | Blockchain InfrastructureTokenization PlatformDigital AssetsCryptocurrency CustodyFinancial SolutionsRegulated Institution +7 |
| Website | ||
| Website | covalenthq.com | paxos.com |
About Covalent
Covalent is a pioneering technology company addressing critical infrastructure challenges that hinder blockchain adoption. By merging centralized databases with burgeoning blockchain technologies, Covalent is poised to transform sectors such as finance, retail, and personal identity. The company's f...
About Paxos
Paxos, founded in 2012, is a prominent player in the Blockchain and Fintech industries, renowned for its regulatory-compliant blockchain infrastructure designed to revolutionize financial systems. Offering a solution to the constraints of traditional financial systems, Paxos aims to provide instanta...
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Compiled from the BounceWatch company index. We last looked at Covalent on 14 Apr 2026, and Paxos on 3 Apr 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
