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Paxos

Paxos: the OCC conditionally approved Paxos Trust Company, National Association on 12 Dec 2025, which plans to issue stablecoins. NYDFS list read 21 Oct 2026.

Status

OCC conditional approval · checked 21 Oct 2026
NYDFS and OCC data only. Licences in other US states (money transmitter licences, state trust charters) are not covered.

OCC Conditional Approval 1358

Paxos Trust Company, National Association (conversion), applicant Paxos Trust Company, LLC, New York, NY: conditional approval 12 Dec 2025. Proposed activities: “custody of crypto-assets, fiat currency, securities, and commodities on a fiduciary basis; U.S. dollar-backed stablecoin issuance; gold-backed digital asset issuance” occ.gov official

Type

National trust bank (OCC) · major brand (Strongest authorisation on record)

Public statement

Not applicable.

History

• 12 Dec 2025OCC conditional approval for Paxos Trust Company, National Association (conversion). — occ.gov official

Read More

• The GENIUS Act Takes Effect on 18 January 2027. 16 of Its Rules Are Still Proposals
• The OCC Has Approved 17 Crypto Bank Charters Since December. 8 Plan Stablecoins

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