PayPal New York Trust Charter

PayPal’s New York limited purpose trust charter, from the NYDFS register.

Legal name (NYDFS): PayPal Digital, Inc.
Approval: Limited purpose trust company
Approved (as published): May 13, 2024
Status: Active

PayPal Digital, Inc. is chartered by the New York State Department of Financial Services (NYDFS) as a limited purpose trust company under the New York Banking Law, approved on May 13, 2024.

Questions

Is PayPal a New York trust company?

Yes. NYDFS lists PayPal Digital, Inc. as a limited purpose trust company, granted May 13, 2024.

What can a New York trust company do?

A limited purpose trust company chartered by NYDFS can act as a fiduciary, for example as a custodian of digital assets, under New York Banking Law supervision.

Browse all firms in the NYDFS BitLicense list.

Brand: PayPal
Approved: May 13, 2024
Company website: paypal.com
NYDFS register: dfs.ny.gov
Sources: Source Link
NYDFS register of virtual currency businesses https://www.dfs.ny.gov/virtual_currency_businesses
Charter approval date https://www.dfs.ny.gov/reports-and-publications/weekly-bulletins/wb20240517

Source	Link
NYDFS register of virtual currency businesses	https://www.dfs.ny.gov/virtual_currency_businesses
Charter approval date	https://www.dfs.ny.gov/reports-and-publications/weekly-bulletins/wb20240517

Source: the NYDFS list of regulated virtual currency businesses and NYDFS announcements, linked on each record. NY Presswire is not affiliated with NYDFS; the NYDFS register is the official record.