--- title: "PayPal Digital, Inc. · (FinCEN) · United States | Elucidate" description: "PayPal Digital, Inc. is registered with FinCEN for anti-money-laundering supervision as a in the United States. LEI 254900QAT0N4N31HEZ60. Register status, licences, activities and ownership." url: https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99 --- 1. [Directory](https://elucidate.co/directory) 2. [United States](https://elucidate.co/directory/country/us) 3. PayPal Digital, Inc. United States · Money service business # PayPal Digital, Inc. PayPal Digital, Inc. is a limited purpose trust company based in New York. The New York State Department of Financial Services (NYDFS) chartered it to engage in virtual currency business. PayPal Holdings, Inc. is its direct and ultimate parent. It trades as PayPal Digital and Venmo Digital. It provides the crypto-asset accounts in the PayPal and Venmo apps to US consumers and businesses, which moved to it from PayPal, Inc. in May 2026. Paxos Trust Company, N.A. performs some custody, trading and transfer services for it and issues the PYUSD stablecoin the firm supports. Register status Registered for AML supervision in the United States FinCEN AML registration only [1 licence or registration ↓](https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99#licences) BIC **No BIC** LEI **[254900QAT0N4N31HEZ60](https://search.gleif.org/#/record/254900QAT0N4N31HEZ60)** [Licence no. **Not published by the register**](https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99#licences) [Group: Paypal Holdings, Inc.](https://elucidate.co/directory/group/5493005X2GO78EFZ3E94) ## Licences and registrations Held by PayPal Digital, Inc. (LEI 254900QAT0N4N31HEZ60). 1 entry on 1 of the 22 tracked registers, retrieved 24 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [MSB Registrant Search](https://elucidate.co/directory/register/fincen-msb) FinCEN | —Money Transmitter / Remittance | Not published by the register | [United States](https://elucidate.co/directory/country/us) | Active | 2025-12-10 | — | - Money remittance - Prepaid access | [Search the register ↗](https://www.fincen.gov/msb-registrant-search) | - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99#overview-sources) Customers Not published Employees Not published Ownership Group subsidiary PayPal Holdings, Inc. Firm type Crypto exchange or broker Trades as PayPal Digital - **Ownership:** According to its LEI record, PayPal Holdings, Inc. is both its direct and its ultimate accounting parent. - **Direct parent:** [PayPal Holdings, Inc. ↗](https://search.gleif.org/#/record/5493005X2GO78EFZ3E94), United States - **Head office:** 117 Barrow St, 10014 New York, United States - **Incorporated:** 24 Oct 2023 ### Online - **Websites & references:** [paypal.com ↗](https://www.paypal.com/us) - **Official social accounts:** None found Sources · 10 pages consulted 1. [paypal.com/us/webapps/mpp/licenses](https://www.paypal.com/us/webapps/mpp/licenses) 2. [paypalobjects.com/marketing/web23/us/en/licenses/feb-2025/ppd-sd-mtl.pdf](https://www.paypalobjects.com/marketing/web23/us/en/licenses/feb-2025/ppd-sd-mtl.pdf) 3. [dfs.ny.gov/reports-and-publications/weekly-bulletins/wb20240517](https://www.dfs.ny.gov/reports-and-publications/weekly-bulletins/wb20240517) 4. [paypal.com/us/legalhub/paypal/cryptocurrencies-tnc](https://www.paypal.com/us/legalhub/paypal/cryptocurrencies-tnc) 5. [paypal.com/us/home](https://www.paypal.com/us/home) 6. [paypal.com/us/legalhub/paypal/archive-policies-full](https://www.paypal.com/us/legalhub/paypal/archive-policies-full) 7. [poc-dynamic.paypal.com/us/cshelp/article/paypal-cryptocurrency-faqs-help565](https://poc-dynamic.paypal.com/us/cshelp/article/paypal-cryptocurrency-faqs-help565) 8. [paypal.com/us/legalhub/paypal/hyperwallet-pyusd-payouts-tnc](https://www.paypal.com/us/legalhub/paypal/hyperwallet-pyusd-payouts-tnc) 9. [paypal.com/us/business/accept-crypto-payments](https://www.paypal.com/us/business/accept-crypto-payments) 10. [finance.idaho.gov/financial-institutions-bureau/digital-asset-custodians/](https://www.finance.idaho.gov/financial-institutions-bureau/digital-asset-custodians/) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99#overview-sources) - **Operates under:** Its own licences The NYDFS charters the firm as a limited purpose trust company to engage in virtual currency business. It also holds state money transmitter and trust licences for its virtual currency activity. Fiat money transmission, such as PayPal Balance accounts, stays with its affiliate PayPal, Inc. under that firm's own licences. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | New York State Department of Financial Services United States | Limited Purpose Trust Company (virtual currency business) | — | In its own name | Active | [paypal.com ↗](https://www.paypal.com/us/webapps/mpp/licenses) | | Financial Crimes Enforcement Network (FinCEN) United States | Money Services Business registration (money transmitter; prepaid access) | — | In its own name | Active | — | | US state regulators (NMLS) United States | Money transmitter licences in 23 US jurisdictions | 2610315 | In its own name | Active | [paypal.com ↗](https://www.paypal.com/us/webapps/mpp/licenses) | | Nevada Financial Institutions Division United States | Foreign Independent Trust Company License | — | In its own name | Active | [paypal.com ↗](https://www.paypal.com/us/webapps/mpp/licenses) | | Idaho Department of Finance United States | Representative Trust Office | — | In its own name | Active | [paypal.com ↗](https://www.paypal.com/us/webapps/mpp/licenses) | | North Carolina Office of the Commissioner of Banks United States | Approval for Interstate Trust Activities of State Chartered Trust Institutions in North Carolina | — | In its own name | Active | [paypal.com ↗](https://www.paypal.com/us/webapps/mpp/licenses) | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that it holds customers' crypto-assets as their agent in omnibus accounts, directly or with a service provider, apart from its corporate assets, and that they are not insured by the FDIC, SIPC or any other insurer. [paypal.com ↗](https://www.paypal.com/us/legalhub/paypal/cryptocurrencies-tnc) - **Crypto-asset custody:** MixedThe firm holds customers' crypto-assets in omnibus accounts, either itself or with service providers such as Paxos Trust Company, N.A. Paxos, not the firm, issues PYUSD and holds its reserves. [paypal.com ↗](https://www.paypal.com/us/legalhub/paypal/cryptocurrencies-tnc) - **Crypto custodian · Partner:** Paxos Trust Company, N.A. United States [paypal.com ↗](https://www.paypal.com/us/legalhub/paypal/cryptocurrencies-tnc) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99#overview-sources) - Crypto trading - Crypto custody - Crypto payments - Payouts and mass payments Through PayPal and Venmo accounts, it lets US customers buy, sell, hold, convert and send supported crypto-assets, including the Paxos-issued PYUSD stablecoin. It also provides PYUSD payouts for businesses using Hyperwallet. It serves only residents and businesses of the United States and its territories. Crypto services are not offered in Hawaii. - **Sells to:** Consumers · Small businesses · Enterprises - **Serves customers in:** United States ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99#overview-sources) 1. May 2026 Other PayPal moved its US crypto services from PayPal, Inc. to the firm, converting existing Cryptocurrencies Hubs into PayPal Digital crypto accounts. [poc-dynamic.paypal.com ↗](https://poc-dynamic.paypal.com/us/cshelp/article/paypal-cryptocurrency-faqs-help565) 2. Jan 2025 Licence The South Dakota Division of Banking issued the firm a money transmitter licence on 14 January 2025. [paypalobjects.com ↗](https://www.paypalobjects.com/marketing/web23/us/en/licenses/feb-2025/ppd-sd-mtl.pdf) 3. May 2024 Licence The NYDFS approved the firm on 13 May 2024 to conduct business as a limited purpose trust company. [dfs.ny.gov ↗](https://www.dfs.ny.gov/reports-and-publications/weekly-bulletins/wb20240517) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [254900QAT0N4N31HEZ60 ↗](https://search.gleif.org/#/record/254900QAT0N4N31HEZ60) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** 41baaa9c9b99 ## Profile - **Type:** Money service business - **Regulation:** AML registration only - **Main licence class:** Money Transmitter / Remittance - **Activities:** - Money remittance - Prepaid access - **Licensed in:** [United States](https://elucidate.co/directory/country/us) · North America - **First registered:** 2025-12-10 Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records - **Direct parent:** Paypal Holdings, Inc. · United States[5493005X2GO78EFZ3E94 ↗](https://search.gleif.org/#/record/5493005X2GO78EFZ3E94) The Paypal Holdings, Inc. group has 11 institutions in the directory, in 7 countries: 6 hold a BIC and 5 do not. Including [Paypal Europe, S.A R.L et Cie, S.C.A.](https://elucidate.co/directory/paypal-europe-s-a-r-l-et-cie-s-c-a-pplxlull), [PayPal Hong Kong Limited](https://elucidate.co/directory/paypal-hong-kong-limited-408d5f83d4db), [Paypal Pte. Ltd.](https://elucidate.co/directory/paypal-pte-ltd-pyptsgs2), [Paypal UK LTD](https://elucidate.co/directory/paypal-uk-ltd-pyptgb22), [Paypal Canada Co.](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b). [See the Paypal Holdings, Inc. group →](https://elucidate.co/directory/group/5493005X2GO78EFZ3E94) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Addresses - **Address on the register:** 117 Barrow Street, New York, 10014 - **Country:** United States ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in one address line ```xml 254900QAT0N4N31HEZ60 PayPal Digital, Inc. 10014 New York US 117 Barrow Street ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Same group - [PayPal, Inc. · trading as Braintree, Hyperwallet No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · LEI 549300V0S9JWU0W9X264](https://elucidate.co/directory/paypal-inc-3a3fa12b29f2) - [Paypal Inc. BIC PPALUS66 Financial institution Not on a tracked register United States · Not on a tracked register · LEI LBQ3CAGQB6M55WHL3G85](https://elucidate.co/directory/paypal-inc-ppalus66) - [Paypal Europe, S.A R.L et Cie, S.C.A. BIC PPLXLULL Credit institution Prudential licence Luxembourg · On the ECB list of supervised entities · LEI 549300ZV1RSA9F0LU821](https://elucidate.co/directory/paypal-europe-s-a-r-l-et-cie-s-c-a-pplxlull) - [PayPal Hong Kong Limited No BIC Payments & e-money Prudential licence Hong Kong SAR China · Licensed by Hong Kong Monetary Authority (HKMA) · SVF0008 (HKMA-SVF) · LEI 549300SKO1BSTONRKQ46](https://elucidate.co/directory/paypal-hong-kong-limited-408d5f83d4db) - [Paypal Pte. Ltd. BIC PYPTSGS2 Payments & e-money Crypto Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · LEI 549300ZO4GNVXIBGHK94](https://elucidate.co/directory/paypal-pte-ltd-pyptsgs2) - [Paypal UK LTD BIC PYPTGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 994790 (FCA-EMI) · LEI 5493000JZXMYSD1G6W13](https://elucidate.co/directory/paypal-uk-ltd-pyptgb22) - [Paypal Canada Co. · trading as PAYPAL, PAYPAL, HYPERWALLET, XOOM, BRAINTREE No BIC Money service business AML registration only Canada · Registered with FINTRAC · N300001939 (FINTRAC-MSB) · LEI 254900SN6YHPWK5DNX12](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b) - [Hyperwallet Systems Aus Pty LTD BIC HSATAU21 Non-financial corporate Not on a tracked register Australia · Not on a tracked register · LEI 54930005XCDE0V0KOV19](https://elucidate.co/directory/hyperwallet-systems-aus-pty-ltd-hsatau21) [All 11 institutions in the Paypal Holdings, Inc. group →](https://elucidate.co/directory/group/5493005X2GO78EFZ3E94) ### Other money service businesses in the United States - [Envios Express Inc No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · No LEI mapped](https://elucidate.co/directory/envios-express-inc-c0823b914930) - [EL Mercadito LLC · trading as EL MERCADITO MINOT, El Mercadito No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · No LEI mapped](https://elucidate.co/directory/el-mercadito-llc-ca792f233581) - [LA Michoacana LLC · trading as La MIchoacana, DBA LA MICHOACANA MUSICA Y VIDEO No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · No LEI mapped](https://elucidate.co/directory/la-michoacana-llc-aefa6462674e) - [Tienda El Quetzal LLC · trading as Mercado Chihuahua, Tienda El Quetzal No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · No LEI mapped](https://elucidate.co/directory/tienda-el-quetzal-llc-6ced94619b56) - [Tienda La Bendicion LLC · trading as TIENDA LA BENDICION, LA BENDICION BAKERY No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · No LEI mapped](https://elucidate.co/directory/tienda-la-bendicion-llc-c35469140f19) - [Umb Bank N.A BIC UMKCUS44 Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · LEI VNOO6EITDJ2YUEBMSZ83](https://elucidate.co/directory/umb-bank-n-a-umkcus44) - [Guatemex LLC · trading as GUATEMEX 1 No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · No LEI mapped](https://elucidate.co/directory/guatemex-llc-810a5ad10a10) - [LA Azteca LLC · trading as La Azteca Mexican Grocery No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · No LEI mapped](https://elucidate.co/directory/la-azteca-llc-b844c35143c3) [See all →](https://elucidate.co/directory/search?type=msb&cc=US) [Other entries on FINCEN-MSB →](https://elucidate.co/directory/register/fincen-msb) ### In Elucidate research - [Beyond the BIC: why we built one directory for banks and regulated payment firms](https://elucidate.co/blog/beyond-the-bic-bank-and-firm-directory) 28 September 2026 Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Register for this page - **MSB Registrant Search**—Financial Crimes Enforcement Network (FinCEN) · [source ↗](https://www.fincen.gov/msb-registrant-search) as at 24 September 2026 - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.