Paxos Securities Settlement Firm has acquired SEC registration as a clearing company.
The registration permits Paxos to function as a central securities depository and supply clearing and settlement providers, whereas assembly ongoing regulatory necessities.
The approval follows seven years of regulatory engagement, together with a 2019 No-Motion Letter and a pilot program working since February 2020.
Paxos Securities Settlement Firm, a subsidiary of blockchain infrastructure agency Paxos, has acquired SEC registration as a clearing company beneath Part 17A of the Securities Trade Act.
The registration makes Paxos the “solely blockchain-native agency” accepted by the SEC to function as a central securities depository in the USA, the corporate mentioned in a press launch.
Paxos Securities Settlement Firm has been granted registration as a clearing company by the SEC.
We at the moment are the one blockchain-native agency registered to offer clearing and settlement infrastructure as a central securities depository in the USA.
With this…
— Paxos (@Paxos) Might 28, 2026
The SEC order describes the approval as a brief registration, permitting the corporate to offer clearing and settlement providers whereas assembly ongoing regulatory necessities. “Most significantly, it permits us to supply essentially the most full infrastructure for our companions to proceed evolving with the market and blockchain expertise,” Paxos CEO and Co-Founder Charles Cascarilla mentioned in a press release.
The milestone caps a seven-year regulatory journey, Cascarilla mentioned, “starting with our No-Motion Letter in 2019 and the settlement pilot we operated with among the world’s largest and most subtle monetary establishments.”
That pilot program, which started in February 2020, has been clearing and settling U.S. equities every day with participation from “high world monetary establishments” working beneath SEC no-action aid, the agency mentioned. In 2022, a blockchain-based pilot launched by Paxos in partnership with State Road achieved same-day settlement instances for inventory buying and selling, often called “T+0.”
The registration comes as established infrastructure suppliers embrace tokenization, with the Depository Belief & Clearing Company not too long ago revealing plans for its personal tokenization service backed by main Wall Road companies.
Paxos points a number of digital property together with PayPal’s PYUSD stablecoin and Pax Gold (PAXG). In October 2025, an “inside technical error” noticed the agency unintentionally mint after which burn 300 trillion PYUSD tokens. Months later, the corporate acquired conditional approval to transform to an OCC nationwide belief financial institution, enabling it to function beneath a single federal ruleset as an alternative of a patchwork of state rules.
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