Paxos Trust Company

About & Paxos Trust Company

Paxos Trust Company, originally founded in 2012 as itBit and later rebranded in 2015, is a New York–based regulated trust company specializing in blockchain and fintech services

Core Offerings:

• Crypto brokerage, tokenization, stablecoin issuance, and settlement services for enterprises
• Known for launching one of the industry’s first regulated stablecoins (Pax Dollar / USDP) in 2018 and a gold-backed token (PAXG) in 2019
• ItBit continues to operate as a digital-asset exchange under Paxos’s footprint, offering BTC, ETH, LTC, BCH, and PAXG trading with NYDFS licensing.
• The company also provides blockchain-based post-trade and securities settlement services .
• As of mid-2025, Paxos applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), which would transition them from a state-level trust to a federally regulated institution.

Faq about Paxos Trust Company

• What is Paxos Trust Company and what services does it offer?
• Is Paxos regulated, and how is oversight ensured?
• What are Paxos’ stablecoin offerings and how are they backed?
• How does Paxos ensure trust in its crypto brokerage services?
• What does Paxos Gold (PAXG) represent, and how does the redemption process work?
• Is Paxos applying for broader U.S. regulatory authority beyond state-level oversight?