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Approvals adds an extra layer of security to your most sensitive actions in the Paxos Dashboard. With Approvals enabled, certain actions require review and approval from another team member before they can be completed, helping prevent unauthorized or incorrect transactions.

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Current Approval Actions

Approvals is currently available for:
  • Adding crypto destination addresses
  • Adding fiat accounts
  • Role Assignment for SSO mapping edits & manual changes
  • Disabling the Approvals feature
  • Mints & Redeems to external destinations i.e Paxos Auto-Conversion Rules

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Why Approvals Matter

Approvals helps your organization:
  • Enhance security by requiring multiple people to review sensitive changes
  • Reduce errors by adding verification steps to critical actions
  • Meet compliance requirements through documented review processes
  • Maintain better control over where assets can be sent

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How Approvals Work

Let’s walk through an example of adding a new crypto destination address with Approvals enabled:

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➊ Enable Approvals

Required PermissionsYou need a role with the permission to perform this action.
  • An Entity Manager must first enable the Approvals feature for desired actions
  • Go to Admin > Approval Controls
  • Select “Add Address” to enable approval requirements for new crypto addresses
Approvals Page

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➋ Submit for Approval

Required PermissionsYou need a role with the permission to perform this action.
  • A Treasurer submits a new crypto address following the standard add address process
  • Instead of being added immediately, the address is marked as “Pending Approval”
Submit for Approval

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➌ Track Pending Approvals

Pending approval notifications appear on both:
  • The Addresses page
  • The main Dashboard page
Approvals Action Needed

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➍ Review and Approve

Required PermissionsYou need a role with the permission to perform this action.
  • Any user with an Approver role can review pending submissions
  • Approvers can choose to:
    • Approve the address - making it available for future transactions
    • Reject the address - preventing it from being added
Approve or Reject
Important Notes
  • Users cannot approve their own submissions
  • Submitters can cancel their pending submissions before approval
  • Once approved, addresses can be used like any other saved address