Bank (national trust bank) · United States
Paxos Trust Company
Paxos Trust Company, National Association · paxos.com (opens source in new tab)
Crypto readiness score
1/3 status dimensions verified · 1 initiative · last verified 2026-11-07
Only 1 of 3 status dimensions (commercial, regulatory, technical) are verified for this institution; at least 2 are required before a score is shown. We show this rather than guess.
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | — | No verified status — not scored |
| Regulatory standing | 25 | 25 | Approved / authorised · initiative |
| Technical delivery | 20 | — | No verified status — not scored |
| Product breadth | 15 | 5 | 1 product category with a verified status: Stablecoin issuance |
| Recent verified activity | 5 | 5 | Last verified change 2025-12-12 |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Stablecoin issuance · United States
Paxos Trust Company, N.A.: conversion from NYDFS trust charter to OCC national trust bank
- regulatory
- Approved / authorised2025-12-12
- technical
- Unknown
- commercial
- Unknown
The OCC conditionally approved Paxos Trust Company's conversion from a New York trust company to Paxos Trust Company, National Association on 12 December 2025; Paxos says the conversion took effect that day, putting its stablecoin issuance, custody and brokerage activities under OCC supervision.
Scope: All US-based activity of Paxos Trust Company under OCC supervision after conversion.
In tracker · last verified 2026-11-07
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
- Approved / authorised Paxos Trust Company, N.A.: conversion from NYDFS trust charter to OCC national trust bank
Office of the Comptroller of the Currency · 12 Dec 2025
Official institutionalOCC Approves Paxos Application to Convert to OCC Trust (opens source in new tab)
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
- BCV · named role (tracker) · PYUSD brand partner
Regulator records & actions
Register entries and regulator publications that name this institution.
- 2025-12-12Primary record · Office of the Comptroller of the CurrencyOCC conditional approval: conversion of Paxos Trust Company, LLC to Paxos Trust Company, National Association (OCC Control Number 2025-Conversion-342828) (opens source in new tab)
Markets (from stated target markets): United States
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2025-12-12 · Status
OCC conditional approval of the conversion (news release 2025-125); Paxos reports conversion completed the same day.
Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections
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