#Paxos
Paxos Applies for U.S. Trust Bank License – Eyes Expansion of Regulated Financial Services
Paxos, a leading blockchain infrastructure and stablecoin issuer (behind USDP, PYUSD, and other regulated digital assets), has formally applied for a U.S. Trust Bank License with federal regulators.
Key Goals of the License:
Expand U.S. Operations: Establish a physical office in the United States to strengthen domestic presence.
Broaden Regulated Services: Offer a wider range of compliant, bank-grade financial products, including custody, settlement, and tokenization solutions.
Enhance Consumer Protection: Operate under strict U.S. banking oversight to ensure security, transparency, and adherence to regulatory standards.
Paxos is already regulated by the New York Department of Financial Services (NYDFS) and holds licenses in Singapore, making this move a step toward becoming one of the most fully regulated digital asset service providers globally.
If approved, the trust bank license could allow Paxos to integrate more seamlessly with traditional finance, bridge blockchain and banking services, and strengthen confidence among institutional partners.
