Fostering trust through verification
As the first regulated blockchain infrastructure platform, Paxos has a policy commitment to ensure up-to-date attestations are made available.
In keeping with that commitment, Paxos publishes attestation reports each month.
Paxos Reports
1
In order to release information promptly to the public, Paxos self-reports its portfolio composition 5 business days after month’s end; these reports have not been subjected to independent review.
Attestations
2
Attestation reports are issued by WithumSmith+Brown, PC, an independent third-party accounting firm. Withum’s examination is conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA).
1 In February 2023, Paxos halted new issuance of BUSD and began to wind down the product. Paxos no longer proactively provides monthly reserve reports. Questions? Reach out to press@paxos.com.
2 WithumSmith+Brown, PC is an independent third-party accounting firm. Their appointment as Paxos’ examination provider has been approved by Paxos’ prudential regulator, the New York Statement Department of Financial Services, as detailed in Section 3 of their Dollar-Backed Stablecoins guidance.
Regulation and transparency
Technology built within global regulatory structures
As a regulated financial institution, Paxos maintains a deep commitment to stringent risk management and due diligence practices.
We publish monthly reserve reports on Paxos-issued digital assets to ensure full transparency and reliability of our financial data.
