Paxos Wins First-of-Its-Kind SEC Clearing Agency Approval as Blockchain Settlement Moves Into Regulated Markets
PSSC becomes the only blockchain-native firm approved to clear and settle securities, after seven years of work with the SEC, Paxos said.
- On Thursday, the SEC granted Paxos Securities Settlement Company registration as a clearing agency under Section 17A of the Securities Exchange Act, making it the first blockchain-native firm approved for this role in the United States.
- This registration follows seven years of regulatory engagement, beginning with a 2019 No-Action Letter and a 2020 settlement pilot that processed equity trades for General Electric and other major institutions.
- CEO Charles Cascarilla said the registration is the "result of seven years of work with the SEC," allowing PSSC to provide clearing and settlement services for transactions in eligible securities.
- Placing PSSC within the same regulated post-trade infrastructure layer as the DTCC, this approval enables institutional participation at scale and signals blockchain settlement is moving from experiment to regulated financial infrastructure.
- Meanwhile, the DTCC announced this week a partnership with the Stellar Development Foundation to tokenize assets including Russell 1000 equities and US Treasuries on Stellar's public blockchain in the first half of 2027.
29 Articles
29 Articles
Paxos Wins First-of-Its-Kind SEC Clearing Agency Approval as Blockchain Settlement Moves Into Regulated Markets
Paxos announced Thursday that its subsidiary, Paxos Securities Settlement Company, LLC (PSSC), has been granted registration as a clearing agency by the U.S. Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934. The approval makes PSSC the only blockchain-native firm registered to provide clearing and settlement services as a central securities depository in the United States, placing Paxos inside the same …
Paxos Securities Settlement Company Receives Clearing Agency Registration from the U.S. Securities and Exchange Commission
/PRNewswire/ -- Paxos, the leading blockchain infrastructure platform, today announced that its subsidiary, Paxos Securities Settlement Company, LLC (PSSC),...
Paxos Just Won the First SEC License to Settle U.S. Stocks on a Blockchain
The SEC registered Paxos Securities Settlement Company as a clearing agency, making it the only blockchain-native firm cleared to act as a central securities depository in the United States. Seven years of regulatory work just put Paxos inside the plumbing that settles American equities.
Paxos Settlement Secures SEC Approval To Operate As
Paxos has received SEC approval to operate as a registered clearing agency, becoming the first blockchain-focused company to secure such status in the United States. The milestone strengthens its blockchain-based settlement platform and could accelerate the adoption of regulated digital asset infrastructure within traditional financial markets.
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