Paxos Seeks OCC Trust Charter

Paxos seeks OCC trust charter

The crypto firm’s renewed application for a national trust charter comes shortly after being fined by the NYDFS, connected to its past relationship with Binance.

Paxos seeks national trust bank charter in US

Paxos Trust Company, known for its role in supporting PayPal’s stablecoin, has revealed plans to apply for a national trust bank charter in the US. This initiative reflects a broader movement among cryptocurrency companies seeking to integrate more closely with established financial systems. If the US Office of the Comptroller of the Currency (OCC) grants the charter, Paxos would be authorised to manage and hold customer assets, enabling quicker…

Paxos Applies for a National Bank Charter License

Paxos Applies for a National Bank Charter License Stablecoin issuer Paxos has applied for a national charter license.

Paxos Seeks US National Trust Charter from OCC

The move would place Paxos under direct U.S. federal oversight, replacing its current New York Department of Financial Services (NYDFS) authorisation, and reflects what the company described as its “consistent commitment to maintain the highest regulatory standards of any blockchain infrastructure and tokenisation platform globally.” Paxos has operated under NYDFS oversight since 2015, when it became the first blockchain and tokenisation company…