Paxos
Paxos issues four asset-backed tokens through an OCC-chartered national trust bank and two foreign affiliates: PAXG (one fine troy ounce of allocated London gold per token), PYUSD (the PayPal dollar), USDP and USDG (dollar stablecoins). KPMG attests to each token's backing every month, and on September 30, 2026 the on-chain supply matched those reports to the whole token. Direct minting and redemption are for verified customers: new onboarding is for business entities, existing individual accounts were moved to the Dashboard with withdrawal rights, EU residents have a direct USDG redemption route, and most individuals hold through exchanges and PayPal. A 2025 New York consent order found anti-money-laundering failures and imposed a $26.5 million penalty, and one on-chain address, whose signing arrangements are not public, holds the pause and freeze powers on all four Ethereum contracts.
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Platform Identity
- Website
- paxos.com
- Headquarters
- New York, New York, USA
- Founded
- 2012
- Parent
- Kabompo Holdings, Ltd. (Cayman Islands; ultimate parent per OCC Conditional Approval No. 1358) via Paxos Holdings, LLC (Delaware); Form D/A 2021-07-29 reports $301,595,877 sold to 20 investors
- Platform type
- Regulated Token Issuer: Gold-Backed Token and Dollar Stablecoins from a National Trust Bank, with Crypto Brokerage and Custody Infrastructure for Enterprises
- Regulatory
- foreign_regulated
- Eligibility
- qualified institutional
AltStreet Coverage
- Review status
- Published
- Coverage type
- Investment platform
- Review date
- Oct 30, 2026
- Last updated
- Oct 31, 2026
- Composite score
- 5.9
Key Data Points
- PAXG token
- $3945.7200
Reference Reading
AltStreet reference pages on the filings and mechanics behind this platform's category.
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