Issuer file

Paxos

Paxos Trust Company, LLC

NYDFS limited-purpose trust company

Strong coverageNew York

NYDFS-supervised limited-purpose trust company that has issued USD-referenced tokens, including PayPal USD (PYUSD) under a brand/issuance arrangement. PayPal's own perimeter is a separate file.

Control structure

Trust company under New York banking / virtual-currency supervision. Brand partners (e.g. PayPal) are not automatically the issuer; the trust company is.

Linked assets

PayPal USD (PYUSD)
USD-referenced token (NYDFS trust-issued)

Evidence timeline

1 Jan 2024
Public NYDFS-supervised issuance file (as recorded)
Verified
Limited-purpose trust company as the issuing legal person for specified USD tokens.

Disclosures on file

NYDFS-supervised issuance materials
Supervisory / issuer · 1 Jan 2024
Trust-company issuance under New York virtual-currency supervision.

Known gaps

MiCA EMT status for each Paxos token is a separate EU-entity question.
Federal deposit insurance does not follow from NYDFS trust supervision.

RCA publishes source-linked intelligence for professionals. Nothing here is a token-buying call, a legal opinion, or an “approved / safe / regulated” badge. Every material claim is dated. Incomplete files stay incomplete.