Paxos Securities Settlement Company wins SEC registration as a clearing agency, becoming the first blockchain-native firm to do so in the U.S.
Paxos has officially entered a new chapter in U.S. financial history. The blockchain infrastructure company announced on May 28, 2026, that its subsidiary received SEC registration.
Paxos Securities Settlement Company, LLC (PSSC) is now a registered clearing agency. It is the only blockchain-native firm to hold this status in the United States.
The approval marks a major shift in how traditional capital markets may interact with blockchain technology.
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Paxos SEC Approval: What the Registration Means
A clearing agency sits at the center of every trade in securities markets. It matches buyer and seller records, confirms trade details, and ensures both money and assets actually change hands. This process eliminates what experts call counterparty risk.
Without a clearing agency, one party in a trade could fail to deliver, causing serious market disruption.
The SEC granted PSSC this registration under Section 17A of the Securities Exchange Act of 1934.
Traditionally, institutions like the Depository Trust and Clearing Corporation (DTCC) have dominated this space. Paxos now joins that select group, but with a blockchain-based approach.
Charles Cascarilla, CEO and Co-Founder of Paxos, described the registration as the result of seven years of work with the SEC. The journey started with a No-Action Letter back in 2019.
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
Blockchain-Native Clearing and Settlement Comes to the U.S.
Paxos did not arrive at this milestone without a track record.
Starting in February 2020, the company operated a live clearing and settlement pilot. Top global financial institutions participated in that process. The pilot ran under SEC no-action relief and handled U.S. equity trades daily.
That pilot demonstrated something significant. Blockchain-based infrastructure could deliver same-day settlement within a fully regulated environment. It also showed potential for lower costs and stronger operational efficiency compared to traditional systems.
The current standard in U.S. markets involves multi-day, batched settlement cycles.
Paxos uses a Central Securities Depository model that supports instant delivery versus payment. The practical difference is speed and reduced settlement risk.
What This SEC Milestone Means for Crypto Infrastructure
Paxos described the registration as a critical addition to its existing infrastructure platform.
The company already supports leading global enterprises in building and launching digital asset products. This new capability rounds out what Paxos calls a complete infrastructure offering.
According to the company, PSSC can now provide clearing and settlement services for transactions in eligible securities.
That positions Paxos to serve financial institutions looking to modernize post-trade operations. It also places blockchain technology firmly inside regulated U.S. market infrastructure.
The announcement has drawn attention across the crypto and traditional finance sectors. It signals growing regulatory acceptance of blockchain solutions within core financial systems.
For Paxos, this registration is both a legal milestone and a commercial foundation for future growth.