- Paxos applies for a U.S. national trust charter.
- Intends to enhance regulatory compliance.
- Aims for increased safety and transparency.
Paxos Trust Company has applied to convert its New York limited purpose trust charter into a U.S. national trust charter with the Office of the Comptroller of the Currency (OCC) as of August 11, 2025.
This application could enhance regulatory oversight, offering Paxos a more robust framework for safety and transparency. Analysts suggest it might bolster trust in blockchain services among enterprise partners.
Paxos has formally filed to convert its existing New York trust charter into a U.S. national trust charter with the OCC. This move, aimed at enhancing compliance, was revealed on August 11, 2025.
The Paxos Trust Company, led by CEO Charles Cascarilla, is pursuing the national charter to reinforce its regulatory oversight. The transition promises advanced structures to their trust charter jurisdiction.
This initiative is expected to solidify Paxos’ position as a leading infrastructure provider in blockchain technology. Enhanced OCC oversight should boost trust with enterprise partners and consumers.
Paxos, already regulated by multiple global bodies, foresees improved regulatory standards. Such trust standards are crucial for extending its regulatory compliance and offering unmatched access.
No immediate financial shifts announced, but federal oversight could attract new investments. The application does not affect or declare changes to Paxos-linked assets such as PYUSD or tokenization services.
Federal oversight might stimulate advancements in blockchain infrastructure, fostering safety and transparency. Previous trends suggest potential growth in adoption amid compliance with leading financial regulations.
“For over a decade, Paxos has set the bar for regulatory oversight and compliance… By applying for a national trust bank charter, we are continuing to offer enterprise partners and consumers the safest, most trusted infrastructure available… OCC oversight will help build on our historic commitment to maintaining the highest standards of safety and transparency.”
– Charles Cascarilla, CEO and Co-founder, Paxos
