SEC Clears Paxos to Run Settlement on Blockchain Rails

By Isaac • May 30, 2026 9:58 am •

Paxos said Thursday that the U.S. Securities and Exchange Commission granted clearing agency registration to its subsidiary, Paxos Securities Settlement Company, 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.

For tokenization, this is the piece of plumbing that has been missing. A blockchain-native firm can now sit inside regulated post-trade infrastructure instead of waiting at the edge of it.

The registration builds on Paxos work that goes back years. The company ran a live equities settlement pilot that began in February 2020 under SEC no-action relief, testing the