{"id":79217,"date":"2026-10-08T04:10:13","date_gmt":"2026-10-08T04:10:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-lands-on-paxos-the-crypto-engine-behind-paypal-venmo-and-schwab\/"},"modified":"2026-10-08T04:10:13","modified_gmt":"2026-10-08T04:10:13","slug":"xrp-lands-on-paxos-the-crypto-engine-behind-paypal-venmo-and-schwab","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-lands-on-paxos-the-crypto-engine-behind-paypal-venmo-and-schwab\/","title":{"rendered":"XRP Lands on Paxos, the Crypto Engine Behind PayPal, Venmo, and Schwab"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">XRP support covers buying, selling, holding, deposits, and withdrawals.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Paxos cited XRP holdings across more than 8.1 million wallets.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Each financial business determines its own customer-facing offering.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>XRP Gains Buying, Selling, and Transfer Support<\/h2>\n<p>Financial platforms working with Paxos can now offer XRP through its brokerage service, expanding the token\u2019s distribution through regulated infrastructure. Paxos, a provider of blockchain-based financial services, shared its <a href=\"https:\/\/x.com\/Paxos\/status\/2107823313271873978\" target=\"_blank\" rel=\"noopener noreferrer\">XRP brokerage support<\/a> on X on Oct. 7. The announcement extends access through businesses that integrate its technology.<\/p>\n<p>Paxos stated:<\/p>\n<blockquote>\n<p>\u201cPartners can now offer XRP through the same regulated platform trusted by some of the biggest names in finance.\u201d<\/p>\n<\/blockquote>\n<p>The cryptocurrency\u2019s existing reach formed part of the announcement, which placed its market capitalization at nearly $95 billion. Paxos also cited holdings across more than 8.1 million wallets in that post. XRP, the <a href=\"https:\/\/xrpl.org\/about\/xrp\" target=\"_blank\" rel=\"noopener noreferrer\">native digital asset of the XRP Ledger<\/a>, has been in circulation since 2012, with payments typically settling in three to five seconds.<\/p>\n<p>The underlying service combines several functions that financial businesses would otherwise need to arrange when introducing digital currency products. Paxos\u2019 <a href=\"https:\/\/www.paxos.com\/crypto-brokerage\" target=\"_blank\" rel=\"noopener noreferrer\">crypto trading and custody platform<\/a> provides safekeeping, connections to liquidity providers that supply buy and sell prices, and monitoring of trade execution, or the completion of orders.<\/p>\n<h2>Financial Connections Extend Beyond a Single App<\/h2>\n<p>The XRP Ledger Foundation <a href=\"https:\/\/x.com\/XRPLF\/status\/2107835609775538284\" target=\"_blank\" rel=\"noopener noreferrer\">detailed the services available<\/a> to partners in an Oct. 7 post on X:<\/p>\n<blockquote>\n<p>\u201cPaxos Crypto Brokerage, the regulated back end used by PayPal, Venmo, Interactive Brokers, Charles Schwab, and Mercado Libre, now supports $XRP. Partners can now offer XRP for buy, sell, hold, deposit, and withdrawal through Paxos Crypto Brokerage.\u201d<\/p>\n<\/blockquote>\n<p>Existing arrangements illustrate how responsibilities are divided between an investment firm and its technology provider when a product launches. During <a href=\"https:\/\/news.bitcoin.com\/charles-schwab-begins-retail-bitcoin-and-ethereum-trading-rollout\/\">Charles Schwab\u2019s retail crypto rollout<\/a> in May, Paxos completed transactions and provided sub-custody, meaning safekeeping on behalf of the primary custodian. Charles Schwab Premier Bank handled custody and record-keeping. That launch initially covered bitcoin and ether.<\/p>\n<p>The distinction between institutional support and consumer access also extends to how holdings are managed within individual accounts. <a href=\"https:\/\/www.bitcoin.com\/get-started\/money-fundamentals\/fundamentals\/a-quick-introduction-to-crypto\/\" target=\"_blank\" rel=\"noopener noreferrer\">Cryptocurrency trading and storage<\/a> may involve a provider safeguarding funds or a user controlling a wallet directly. Each business determines which currencies and transfer functions reach its customers.<\/p>\n<h2>Paxos Builds Toward Broader Token Coverage<\/h2>\n<p>The company\u2019s regulatory foundation developed before this XRP addition, following federal approval of an application to change its supervisory framework. The Office of the Comptroller of the Currency (OCC), a U.S. banking regulator, <a href=\"https:\/\/news.bitcoin.com\/circle-ripple-bitgo-fidelity-and-paxos-conditionally-approved-for-national-trust-banks\/\">conditionally approved Paxos\u2019 national trust bank conversion<\/a> on Dec. 12, 2025. Paxos now operates under that federal charter, which authorizes its trust activities.<\/p>\n<p>Expansion across networks also followed Paxos\u2019 <a href=\"https:\/\/news.bitcoin.com\/paxos-acquires-fordefi-to-enhance-institutional-crypto-custody-infrastructure\/\">acquisition of wallet technology company Fordefi<\/a>, announced in November 2025. The purchase brought tools for managing blockchain wallets into its operations. Paxos subsequently described this technology as helping it safeguard a wider range of tokens, connecting the acquisition with its ability to introduce more cryptocurrencies.<\/p>\n<p>By June 16, Paxos had more than doubled its <a href=\"https:\/\/www.paxos.com\/blog\/29-crypto-brokerage-assets-counting\" target=\"_blank\" rel=\"noopener noreferrer\">supported brokerage asset list to 29 tokens<\/a>, according to Asset Tarabayev, head of brokerage product. Selection involves reviewing demand, available market depth, legal classification, and regulatory history. That June update set a target of covering much of the top 50 cryptocurrencies by market capitalization by year-end.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/sec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/sec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain\/\"><img alt=\"SEC Grants Paxos Historic Approval to Clear and Settle US Equities on Blockchain\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fsec-grants-paxos-historic-approval-to-clear-and-settle-us-equities-on-blockchain-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Paxos has become the first blockchain-native firm to receive full SEC approval as a registered clearing agency, setting the stage\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/xrp-lands-on-paxos-the-crypto-engine-behind-paypal-venmo-and-schwab\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways XRP support covers buying, selling, holding, deposits, and withdrawals. Paxos cited XRP holdings across more than 8.1 million wallets. Each financial business determines its own customer-facing offering. XRP Gains Buying, Selling, and Transfer Support Financial platforms working with Paxos can now offer XRP through its brokerage [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":79218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79217"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79217"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79218"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}