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Paxos

AuthorizedMiCA authorizedESMA register

Paxos Trust Company, N.A.

CustodianUnited States Founded 2012paxos.com
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Last reviewed
27 Aug 2026
2026-08-27

Compliance snapshot

  • OCC national trust bank charter — Paxos Trust Company, N.A.
  • MiCA e-money token issuance (USDG) via Paxos Issuance Europe Oy — not a CASP authorization
  • MAS-regulated stablecoin issuance in Singapore; ADGM entity in Abu Dhabi
  • Monthly third-party reserve attestations published
Overall concern
Low concern

OCC-chartered national trust bank and regulated stablecoin issuer; its EU status is an e-money token authorization (Global Dollar, USDG) held by a Finnish EMI, not a CASP authorization.

Licenses & registrations

  • United States (NY)Authorized
    Limited-purpose trust charter (historical — superseded by the OCC national trust charter)
    New York State Department of Financial ServicesNYDFS
    NY-TC-2015-00042015-09-10
    Verify at source
  • SingaporeAuthorized
    Major Payment Institution licence (stablecoin issuance)
    Monetary Authority of SingaporeMAS
    PS202300672023-07-19
    Verify at source
  • Abu DhabiAuthorized
    Financial services permission (virtual assets)
    Financial Services Regulatory AuthorityFSRA
    FSRA-2024-00312024-01-30
    Verify at source
  • United StatesAuthorized
    National trust bank charter
    Office of the Comptroller of the CurrencyOCC
    OCC — Paxos Trust Company, N.A.2025-12-12
    Verify at source
  • FinlandAuthorized
    E-money institution — MiCA e-money token issuer (USDG)
    FinanssivalvontaFIN-FSA
    FIN-FSA — Paxos Issuance Europe Oy2025-07-01
    Verify at source

Reputation

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Customer reviews
Source needed. A direct review-platform source and collection date are needed.
App Store & Google Play
Source needed. Verified store listings and collection dates are needed.
Press sentiment
Source needed. A dated source set and calculation method are needed.
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Recent press

  • 2026-07-14
    Issuer expands regulated stablecoin footprintPositive

    Bloomberg — A new bank-distributed token launched in Asia.

  • 2026-05-05
    Monthly attestation confirms full reserve backingPositive

    Reuters — Reserves were held in short-dated treasuries and cash.

  • 2026-02-17
    Stablecoin rules reshape issuer competitionNeutral

    Financial Times — The firm was cited as a compliant issuer under new frameworks.

  • 2025-09-11
    Legacy token supply winds downNeutral

    CoinDesk — A discontinued token continued its orderly redemption.

Incidents & enforcement

  1. 2023-02-13Enforcement

    New York regulator directed the firm to cease issuing a third-party branded stablecoin; orderly wind-down completed.

  2. 2021-05-04FineUSD 500,000

    Civil penalty relating to historic reporting deficiencies.

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Profile last reviewed 27 Aug 2026 (2026-08-27)