By Isaac • May 29, 2026 10:31 am •
Paxos announced on May 28, 2026 that the SEC granted its subsidiary, Paxos Securities Settlement Company, registration as a clearing agency under Section 17A of the Securities Exchange Act of 1934.
That makes PSSC the only blockchain-native firm approved by the SEC to provide clearing and settlement services as a central securities depository in the United States.
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A central securities depository sits at the center of how stock trades actually close. It is the entity that records ownership and finalizes the transfer of securities and cash after a trade is matched.
In the U.S., that role has long belonged to legacy infrastructure like the DTCC. Paxos now has a registered seat in that same layer, built
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