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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.
Our solution holds user assets in bankruptcy-remote accounts through the Paxos Trust company and includes digital asset insurance.
Jul 3, 2024 · PAXOS Trust named Jeannie Lim, who was most recently head of messaging payments at Meta Platforms in Singapore, as the stablecoin issuer’s executive director at Paxos Singapore. “Jeannie will be responsible for developing and driving Paxos’ strategic vision and goals for the Apac region,” a spokesperson at New York-headquartered Paxos said.
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).
Jul 2, 2024 · The largest bank in Singapore is partnering with a major stablecoin issuer to offer a new crypto custody service. According to a new Bloomberg report, DBS Group Holdings is offering a new crypto custody service in partnership with stablecoin-issuer Paxos Trust Co. According to a Paxos press release ...
