Paiblock
Paiblock A/S is a Danish fintech operating a multi-chain blockchain ecosystem spanning a mobile crypto wallet (PUUT Wallet), a gold-pegged stablecoin (Digital Ounce), stablecoin trading (Coinstable), an NFT marketplace (Kunstify), and cashback rewards (Cashbacknation), serving retail consumers, merchants, corporate treasuries, and market makers.
- Company typePrivate
- Founded2011
- HeadquartersBrøndbyvester, Denmark
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What Paiblock does
Paiblock A/S is a privately held Danish fintech incorporated as a public limited company and headquartered in Brøndbyvester (Broendby), Denmark. Originally operating as Puut Wallet and founded in 2011, the company has positioned itself as a multi-product blockchain-based payment and digital lifestyle platform serving retail consumers, merchants, corporate treasuries, and market makers. Its stated offerings span a mobile cryptocurrency wallet (PUUT Wallet, distributed across Google Play, Apple App Store, Galaxy Store, and Microsoft Store), a gold-pegged stablecoin called Digital Ounce, a KYC/identity layer (BlockID), an institutional and VIP stablecoin trading venue (Coinstable), an NFT creation and trading marketplace (Kunstify), and a cashback rewards shopping platform (Cashbacknation).
The underlying technology is a multi-chain blockchain infrastructure supporting Digital Ounce minting, transfers, and trading natively across EVM-compatible networks including Ethereum, Arbitrum, Avalanche, and Polygon. The platform exposes a Puut API for third-party Remote Services integration, and BlockID provides identity verification intended to support KYC/AML compliance. LGPD privacy compliance is referenced. The company markets reduced transaction fees for micropayments and remittances, faster point-of-sale settlement, and flexible settlement options including on-chain holdings, automatic fiat conversion, and liquidity pool routing.
Paiblock's business model is transaction-fee driven across stablecoin trading (Coinstable), NFT marketplace transactions (Kunstify), Digital Ounce transfers, and affiliate/referral fees from Cashbacknation. Go-to-market combines product-led growth via app store distribution with a channel partner model involving payment gateways, exchanges, and wallet providers. Total disclosed equity funding is approximately $4.92M across two rounds in 2012 and 2017, with no institutional investors named. The company is led by founder and CEO Mark Arthur. Revenue, transaction volume, and active user figures are not publicly disclosed, and no regulatory licenses (e.g., MiCA, e-money institution authorization) are referenced in the available data, which is a notable gap for a multi-product stablecoin and payments platform targeting cross-border use cases.
Paiblock firmographics
Firmographics- Name
- Paiblock
- Legal name
- Paiblock A/S
- Website
- https://paiblock.app
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Paiblock A/S is a Danish fintech operating a multi-chain blockchain ecosystem spanning a mobile crypto wallet (PUUT Wallet), a gold-pegged stablecoin (Digital Ounce), stablecoin trading (Coinstable), an NFT marketplace (Kunstify), and cashback rewards (Cashbacknation), serving retail consumers, merchants, corporate treasuries, and market makers.
- Ownership category
- akta.pro rank
Paiblock industry classification
Industry- Product category
- Blockchain Payments Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Cross-Chain Wallet & Asset Routing Infrastructure (FSADACAJ), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH)
Keywords
Where Paiblock is headquartered
LocationHeadquarters
- HQ city
- Brøndbyvester
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
Paiblock business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Stablecoin Trading (Coinstable): Platform for trading stablecoins with institutional and VIP cashback programs.
- NFT Marketplace (Kunstify): NFT creation and trading platform generating fees from transactions.
- Digital Ounce Stablecoin: Gold-pegged stablecoin enabling minting, transfers, and trading across EVM chains with reduced transaction fees for micropayments and faster confirmation times for settlements.
- Cashback Rewards (Cashbacknation): Cashback rewards platform with shopping center functionality.
Go-to-market motion2 records
Distribution channels7 records
Marketing channels8 records
Paiblock product offering
Product offeringCore offering
Paiblock operates a blockchain-based and AI-capable payment and digital lifestyle platform built around the PUUT Wallet mobile app and the Digital Ounce gold-pegged stablecoin, which supports minting, transfers, and trading across multiple EVM-compatible networks (Ethereum, Arbitrum, Avalanche, Polygon). The platform is extended through Coinstable for stablecoin trading, Kunstify for NFT creation and trading, and Cashbacknation for cashback rewards, alongside BlockID for digital identity verification and crypto payment processing infrastructure for merchants.
Product overview
Paiblock is a fintech, blockchain, and digital banking platform offering a multi-product ecosystem. The core offering includes the PUUT Wallet (mobile cryptocurrency wallet), Digital Ounce (gold-pegged stablecoin for cross-chain payments and trading), and BlockID (KYC/identity verification). The platform extends through sub-brands: Coinstable (stablecoin trading for institutions), NFT Marketplace and Kunstify (NFT creation and trading), and Cashbacknation (cashback rewards). All products are unified through the platform's blockchain infrastructure with cross-chain interoperability across EVM-compatible networks.
Differentiator
Problem solved
Functional benefit
Brands
- BlockID: Digital identity verification product
- Digital Ounce
- Coinstable
- Kunstify
- Cashbacknation
Products and services
- PUUT Wallet Mobile cryptocurrency wallet application available on iOS, Android, Samsung Galaxy Store, and Microsoft Store, providing personal wallets and cryptocurrency storage with Puut API integration capabilities for third-party remote services.
- Digital Ounce Gold-pegged stablecoin enabling digital payments, minting, transfers, and trading across multiple EVM-compatible blockchain networks including Ethereum, Arbitrum, Avalanche, and Polygon.
- Coinstable Stablecoins trading platform offering institutional and VIP trading services with cashback rewards for eligible users.
- Kunstify NFT creation and selling platform allowing users to create and monetize their own non-fungible token artwork.
- NFT Marketplace Non-fungible token marketplace enabling users to discover, buy, and trade digital collectibles and NFT assets.
- Cashbacknation Cashback rewards platform enabling users to earn cashback on purchases through a shopping center with various retail categories.
- BlockID Digital identity verification component providing KYC/AML compliant identity management for users accessing Paiblock financial services.
- Crypto Payment Processing Payment processing infrastructure enabling merchants to accept cryptocurrency payments with flexible settlement options including on-chain holdings, automatic fiat conversion, and liquidity pool routing.
Quantifiable outcome
- Reduced transaction fees for micropayments and remittances
- +2 more outcomes
Companies that use Paiblock
Customer profileSegments4 records
Ideal customer profiles4 records
Paiblock technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature3 records
Paiblock partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Payment Gateways (unnamed)corePartnering with payment gateways to pilot new payment channels and build custody and compliance integrations across all supported EVM-compatible blockchain networks including Ethereum, Arbitrum, Avalanche, and Polygon.
- Exchanges (unnamed)corePartnering with exchanges to enable Digital Ounce stablecoin trading and liquidity across multiple EVM-compatible blockchain networks with custody and compliance integrations.
- Wallet Providers (unnamed)corePartnering with wallet providers to build custody and compliance integrations across all supported blockchain networks, enabling users to access Digital Ounce stablecoin functionality.
Scale indicators2 records
Recent moves6 records
Expansion highlights3 records
Paiblock competitors and assessment
Company assessmentDirect peers
- Paxos: Regulated US-based issuer of PAXG (gold-pegged token) and USD stablecoins. Most direct analogue to Paiblock's Digital Ounce plus Coinstable exchange model.
- BitPay: Crypto payment processor enabling merchants to accept digital currencies with fiat settlement. Directly comparable to Paiblock's Crypto Payment Processing module targeting merchant point-of-sale.
- Wirex: Mobile multi-currency wallet with crypto debit card and merchant payments, similar to Paiblock's combination of PUUT Wallet and payment-processing ambitions.
- MoonPay: On/off-ramp provider enabling fiat-to-crypto conversion via APIs and consumer wallet. Comparable as payment-and-wallet infrastructure adjacent to Paiblock's multi-product stack.
Broad incumbents
- Tether: Issuer of USDT (largest USD stablecoin) and XAUT (gold-pegged token). Sets the competitive benchmark for any gold-stablecoin offering including Digital Ounce.
- Circle: Issuer of USDC, the leading regulated USD stablecoin, with merchant and developer API rails. Represents the institutional-scale competitor Paiblock's stablecoin infrastructure must contend with.
- Trust Wallet: Multi-chain mobile crypto wallet owned by Binance supporting many EVM chains. Overlaps with Paiblock's PUUT Wallet multi-chain positioning.
Emerging players
- Strike: Bitcoin and stablecoin payments app with merchant focus. Comparable in targeting merchant point-of-sale and cross-border settlement, albeit with a Bitcoin-Lightning anchor.
- MakerDAO: Decentralized issuer of DAI stablecoin with multi-chain deployment across Ethereum L2s. Represents a competing on-chain-money model that Paiblock's stablecoin ecosystem must differentiate from.
Regional players
- Ripio: Latin American crypto wallet, exchange, and payments platform with cashback features. Comparable multi-product model to Paiblock, though focused on LATAM rather than Europe.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Paiblock social profiles
Digital presencePaiblock compliance and trust
Trust signalCompliance1 record
Paiblock financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paiblock leadership team
Management profileNumber of profiles
Profiles1 record
Paiblock subsidiaries and ownership
Company hierarchySubsidiaries3 records
Paiblock funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paiblock M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paiblock
What does Paiblock do?
Paiblock operates a blockchain-based and AI-capable payment and digital lifestyle platform built around the PUUT Wallet mobile app and the Digital Ounce gold-pegged stablecoin, which supports minting, transfers, and trading across multiple EVM-compatible networks (Ethereum, Arbitrum, Avalanche, Polygon). The platform is extended through Coinstable for stablecoin trading, Kunstify for NFT creation and trading, and Cashbacknation for cashback rewards, alongside BlockID for digital identity verification and crypto payment processing infrastructure for merchants.
Is Paiblock a public or private company?
Paiblock is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Paiblock founded?
Paiblock was founded in 2011. It employs 51 to 100 people.
Where is Paiblock based?
Paiblock is headquartered in Brøndbyvester, Denmark, in the Europe region.
How does Paiblock make money?
Four revenue lines are on record. Stablecoin Trading (Coinstable) is the primary driver. The others are NFT Marketplace (Kunstify), digital Ounce Stablecoin and cashback Rewards (Cashbacknation).
Who are Paiblock's main competitors?
Direct peers on record are Paxos, BitPay, Wirex and MoonPay. Broad incumbents are Tether, Circle and Trust Wallet. Emerging players are Strike and MakerDAO. Ripio is listed as a regional player.
Does Paiblock have an API?
Yes. Paiblock offers the Puut API, which is referenced as platform technology that allows third-party Remote Services to access and share certain user information including wallet numbers. The API terms and conditions govern partner access. No additional details provided regarding API type (REST/GraphQL), authentication methods, rate limits, or documentation URL.
What industry is Paiblock in?
Paiblock's product category is Blockchain Payments Platform. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 522320 and its SIC code is 6200.