Paxos is a US-regulated institutional Bitcoin and digital asset custodian operating under an NYDFS Trust Company charter. It holds assets in proprietary multi-signature cold storage (95%+), undergoes annual SOC 2 Type II audits, and serves major financial institutions including PayPal.
Custody Model
Security
Features
About Paxos
Paxos Trust Company, LLC is a New York-chartered trust company founded in 2012 and regulated by the NYDFS. Its custody platform stores the vast majority of client digital assets in multi-signature cold storage, with a small hot-wallet allocation for operational liquidity. Institutional clients benefit from segregated accounts, crime insurance coverage, and capital reserve protections required under NYDFS rules. Paxos publishes monthly third-party reserve attestations for its stablecoins (USDP and PayPal USD/PYUSD) and makes custody asset attestations available to institutional clients upon request. The platform undergoes an annual SOC 2 Type II audit and is subject to ongoing NYDFS supervisory examinations. Notable institutional clients and partners include PayPal, which uses Paxos infrastructure to power PYUSD.
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