Is Paxos related to Binance?

Could you please clarify if there is any direct or indirect connection between Paxos and Binance? Are they affiliated in any way, such as through a partnership, investment, or shared ownership? If so, could you elaborate on the nature of this relationship and its potential impact on the operations and reputation of both companies? Understanding the relationship between these two entities would provide valuable insight into their respective positions in the cryptocurrency and finance industries.