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Paxos-issued digital assets are backed by 1:1 redemption, held bankruptcy-remote and regulated by the New York Department of Financial Services. View reports. Issued by Paxos Trust Company, PYUSD is PayPal’s stablecoin designed for payments. LEARN MORE.
Paxos Trust Company LLC is a regulated financial institution and every aspect of its operations are supervised by the New York Department of Financial Services. Paxos received the first limited purpose trust charter for digital assets from the NYDFS in 2015.
Paxos Trust Company is a New York–based financial institution and technology company specializing in blockchain. The company's product offerings include a cryptocurrency brokerage service, asset tokenization services, and settlement services.
Issued by Paxos Trust Company, PayPal USD (PYUSD) is PayPal’s stablecoin designed for payments. PYUSD is an ERC-20 tokenized digital dollar. Like other crypto assets, it can move instantaneously, anywhere in the world, at any time, and it’s programmable.
Apr 23, 2021 · Stablecoin issuer and blockchain startup Paxos has become the third crypto-native company to score a federal trust charter through the U.S. Office of the Comptroller of the Currency (OCC).
About us. Paxos is building the foundation for the open financial system. We are a regulated blockchain infrastructure company building transparent and transformative financial solutions.
Dec 22, 2023 · Cofounded by financial veteran Charles Cascarilla, Paxos became the first crypto firm to receive a trust charter under the new digital asset regulatory regime implemented by DFS in 2015.
Paxos is a top-funded blockchain company with more than $500 million in total funding from leading investors like OakHC/FT, Declaration Partners, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.
Jun 1, 2019 · The Paxos Standard Token (PAX) is a stablecoin managed by the Paxos Trust Company. PAX is directly tied to the US dollar in order to keep its price steady and consistent instead of highly volatile like most crypto assets.
Jul 11, 2024 · Paxos, the leading regulated blockchain & tokenization infrastructure platform, today announced that it received a formal termination notice from the SEC on July 9, 2024, stating that it will not recommend enforcement action against Paxos Trust Company in the investigation of Binance USD (BUSD).
