Paxos becomes the only blockchain-native firm registered to provide U.S. clearing and settlement infrastructure as a central securities depository.
The SEC has granted Paxos Securities Settlement Company registration as a clearing agency, making it the first blockchain-native firm approved for this role in the U.S. The approval allows Paxos to operate as a central securities depository, providing clearing and settlement infrastructure.
This milestone follows growing regulatory scrutiny of digital asset infrastructure, with Paxos previously facing enforcement actions. The registration positions the firm as a key player in bridging traditional finance with blockchain-based settlement systems.
No immediate market reaction was disclosed, but the approval could accelerate institutional adoption of blockchain for post-trade processes.