PAXOS DIGITAL SINGAPORE PTE. LTD.

Crypto service provider · Singapore, Singapore

Paxos Digital Singapore Pte. Ltd. holds a Major Payment Institution licence from the Monetary Authority of Singapore for digital payment token services. It is part of Paxos, founded in 2012, which issues USDG, PayPal USD, Pax Dollar and Pax Gold and sells white-label crypto brokerage, custody and stablecoin payment APIs to enterprises. Clients are brokerages, payment firms and platforms that want to add stablecoin acceptance or payouts without holding the assets themselves. There is no business current account, no card and no published price list: the only route in is a sales conversation.

Legal name: Paxos Digital Singapore Pte. Ltd.
Regulated by: MAS (Singapore: Major Payment Institution for digital payment token services), OCC (US: affiliate Paxos Trust Company, N.A., national trust charter 25379), Finnish FIN-FSA (affiliate Paxos Issuance Europe Oy, authorisation 32368862), SEC (affiliate Paxos Securities Settlement Company, LLC, clearing agency)
Licence confirmed: yes, on a regulator's own list
Established: 2012
Website: www.paxos.com

Scores, 0 to 10

10.0Stablecoins (USDC, USDT and others)

Paxos Digital Singapore issues USDG, a USD stablecoin under MAS oversight with 1:1 segregated reserves, monthly attestations and direct mint and redeem for institutional partners. · source

9.0Crypto-friendly bank

Regulated digital assets are the whole business: stablecoin issuance, crypto brokerage, mint and redeem, and custody are the four products on the site. · source

7.5On-ramp: buy crypto with fiat

Institutional account holders mint USDG directly from US dollars in the Paxos Dashboard, and Paxos offers fiat-to-crypto conversion to platforms by API; only USD is listed as the fiat side. · source

7.5Off-ramp: crypto to fiat in a business account

USDG is redeemable 1:1 for US dollars from Paxos, with tokens burned on redemption and reserves held in segregated accounts, per the USDG whitepaper. · source

7.0Crypto wallet and custody for a business

Companies open a Paxos institutional account after KYB and hold USDG issued by this MAS-supervised Major Payment Institution; broader crypto custody sits with the US Paxos national trust bank rather than the Singapore entity. · source

6.5Fintech companies that need a partner bank

The core model is supplying regulated infrastructure to other financial firms: white-label crypto brokerage for brokerages and stablecoin issuance behind PayPal USD. · source

6.5Financial strength & stability

Prudentially supervised since 2015 and now an OCC national trust bank affiliate with over USD 100 billion secured and no interruption through the 2022-23 turmoil, but no company balance sheet or credit rating is published. · source

6.0Bitcoin

Paxos offers BTC trading and custody as a white-label brokerage API for platforms under its OCC charter and MAS licence, not as a treasury account product for ordinary companies. · source

6.0Ethereum

ETH is part of the same white-label brokerage and custody API for platforms, and USDG itself runs on Ethereum; no ETH staking for companies is listed. · source

5.5Asia-Pacific (SG, HK, AU, JP, KR)

Holds a Singapore Major Payment Institution licence for digital payment token services, but serves enterprises only and has no licence in Hong Kong, Australia, Japan or Korea. · source

4.5Online businesses: e-commerce and SaaS

APIs let merchants and platforms accept stablecoin payments and send payouts, but there is no card acquiring and no multi-currency collection account. Developer documentation and payment APIs exist, but there are no USD or EUR receiving accounts, no accounting integrations and no revenue-based financing. · source

4.0Foreign-owned & non-resident companies

Clients are onboarded through enterprise sales worldwide, but Paxos publishes no policy on foreign-owned or non-resident companies and no list of accepted countries. · source

3.5Cross-border payments, FX and multi-currency accounts

No multi-currency account and no published FX pricing; settlement is in stablecoins, and fiat conversion is left to the client's own bank. Mint, redeem and stablecoin payouts through APIs, but no multi-currency accounts, cash pooling or hedging. · source

3.5Lowest fees

Paxos publishes no price list for any product; every page routes to a sales form. · source

3.5Fast digital onboarding

Onboarding is an enterprise sales process starting with a Contact Us or Talk to an Expert form; no self-service signup exists and no time to open is published. · source

3.5Startups & VC-backed companies

The site addresses enterprises and RFP-stage buyers; there is no startup programme, no pre-revenue path and no self-serve account. · source

3.0Best interest on business balances

No business deposit or treasury yield product is offered and the site publishes no interest policy. · source

3.0High-risk verticals (iGaming, cannabis, adult, forex)

Paxos publishes an Illegal Activity Risk Disclosure but no acceptance policy for gambling, cannabis, adult or forex businesses. · source

2.5Customer satisfaction

Trustpilot shows 1.5 out of 5 from 30 reviews for paxos.com; the sample is small and the audience is enterprise rather than retail. · source

2.0Accept crypto payments

Paxos sells infrastructure to platforms and offers no merchant checkout or invoicing product of its own on its brokerage or USDG pages, checked September 2026. · source

1.5Trade, manufacturing & import-export

No letters of credit, guarantees, documentary collections or supply-chain finance appear anywhere in the product list. · source

1.0Business cards (Visa, Mastercard)

Paxos issues no business debit or credit cards; the product list is brokerage, stablecoin issuance, payments, mint and redeem, itBit and custody. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.