The U.S. Office of the Comptroller of the Currency has approved Paxos as a regulated blockchain infrastructure provider.

According to official sources, Paxos has announced that the Office of the Comptroller of the Currency (OCC) has approved it as a regulated blockchain infrastructure provider and will transform it into a regulated national trust institution. All of its business activities in the United States will be regulated by the OCC, including supporting businesses at all stages of digital asset development and providing services and compliance assurance in all 50 states. It is understood that the OCC had previously conditionally approved trust banking licenses for Ripple, BitGo, Digital Assets, and Circle.