Paxos Secures SEC’s First Clearing Agency Registration

• Paxos was approved by the SEC as a registered clearing agency in the United States.
• The company became the first blockchain-native firm to receive such an approval.
• Paxos can provide clearing and settlement services for eligible securities through PSSC.

Crypto infrastructure firm Paxos has secured a rare position inside the US securities system after receiving clearing agency registration from the US Securities and Exchange Commission.

The approval allows Paxos Securities Settlement Company (PSSC) to provide clearing and settlement services for eligible securities in the United States. The company said it is now the first blockchain-native firm approved by the SEC to operate in that role.

The registration gives Paxos direct exposure to one of the most important layers of financial markets, i.e., the systems that finalize trades, move ownership records, and settle cas…

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