Paxos Securities Settlement Company, a subsidiary of blockchain infrastructure firm Paxos, has received SEC registration as a clearing agency under Section 17A of the Securities Exchange Act.

The registration makes Paxos the “only blockchain-native firm” approved by the SEC to operate as a central securities depository in the United States, the company said in a press release.

The SEC order describes the approval as a temporary registration, allowing the company to provide clearing and settlement services while meeting ongoing regulatory requirements. "Most importantly, it allows us to offer the most complete infrastructure for our partners to continue evolving with the market and blockchain technology," Paxos CEO and Co-Founder Charles Cascarilla said in a statement.

The milestone caps a seven-year regulatory journey, Cascarilla said, “beginning with our No-Action Letter in 2019 and the settlement pilot we operated with some of the world's largest and most sophisticated financial institutions."

That pilot program, which began in February 2020, has been clearing and settling U.S. equities on a daily basis with participation from “top global financial institutions” operating under SEC no-action relief, the firm said. In 2022, a blockchain-based pilot launched by Paxos in partnership with State Street achieved same-day settlement times for stock trading, known as “T+0.”

The registration comes as established infrastructure providers embrace tokenization, with the Depository Trust & Clearing Corporation recently revealing plans for its own tokenization service backed by major Wall Street firms.



Paxos issues several digital assets including PayPal’s PYUSD stablecoin and Pax Gold (PAXG). In October 2025, an “internal technical error” saw the firm accidentally mint and then burn 300 trillion PYUSD tokens. Months later, the company received conditional approval to convert to an OCC national trust bank, enabling it to operate under a single federal ruleset instead of a patchwork of state regulations.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。