Paxos Gets the Green Light From MAS for a Full DPT Licenseby Fintech News Singapore November 2, 2022
The license enables Paxos to offer digital asset and blockchain products and services, as well as support its current partners in expanding their services into Asia.
The company previously received in-principle approval from the MAS in March 2022 and secured the first limited purpose Trust charter for digital assets in New York in 2015.
“We founded Paxos to make it safer and easier to move assets at any time, anywhere. We’re honored to be one of the first US-based blockchain platforms to secure this important license from MAS,”
said Rich Teo, Co-Founder and CEO, Paxos Asia.