Senior Backend Engineer

About Paxos Labs

Paxos Labs builds enterprise infrastructure for trusted onchain financial products. We work with major financial platforms to build transparent and verifiable onchain infrastructure that brings digital assets and DeFi into mainstream use.

About the role

You'll be focused on building Transit, our liquidity orchestration and distribution network for tokenized assets.

Tokenization is producing thousands of onchain assets: stablecoins, tokenized money market funds, commodities, equities, private credit. Every issuer hits the same wall on day one. Their asset is inert until it trades cleanly against onchain liquidity, and unreachable until it's wired into wallets, swap interfaces, aggregators, and lending venues. Today they solve that by renting liquidity from market makers at a 20%+ cost of capital and negotiating their way into venues one at a time.

Transit is the network they join instead. An issuer lists their asset and gets the most efficient route in and out of it, day-one distribution into everywhere we're already integrated, and a programmatic share of the revenue generated every time their asset moves.

Underneath that promise is a hard systems problem.

Transit today consists of two parts, a highly-performant crosschain exchange and an enterprise RFQ.