Blockchain infrastructure platform and stablecoin issuer Paxos says it has become the first “blockchain-native” firm that the US Securities and Exchange Commission has granted registration as a clearing agency.
Paxos said that its subsidiary, Paxos Securities Settlement Company, has become “the only blockchain-native firm” that the SEC approved to provide clearing and settlement services as a central securities depository in the US.
The approval represents a “critical piece of financial market infrastructure” as blockchain technology and traditional capital markets continue to converge, the company added.
Clearing agencies ensure securities trades are executed cleanly. Stock buyers and sellers do not trade directly and need clearing and settlement providers that verify the trade, match the buyer and seller, and then ensure the actual exchange of money and securities happens correctly.
A registered, SEC-approved blockchain clearinghouse removes barriers for banks and brokerages to build crypto-based infrastructure.
Paxos is the issuer of several stablecoins and digital assets, including PayPal USD (PYUSD), Global Dollar (USDG) and Pax Gold (PAXG).
Paxos Securities Settlement Company has been granted registration as a clearing agency by the SEC.
We are now the only blockchain-native firm registered to provide clearing and settlement infrastructure as a central securities depository in the United States.
With this…
— Paxos (@Paxos) May 28, 2026
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