Paxos subsidiary registered as clearing agency by SEC
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Paxos subsidiary registered as clearing agency by SEC 01 June 2026US Reporter: Matthew Challis
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Paxos, a blockchain infrastructure platform, has had its subsidiary, Paxos Securities Settlement Company (PSSC), registered as a clearing agency by the US Securities and Exchange Commission (SEC).
According to the firm, the registration makes PSSC the only blockchain-native firm approved by the SEC to provide clearing and settlement services as an authorised central securities depository and clearing agency.
The firm says its approval adds 鈥渁nother critical capability鈥� to its infrastructure platform, transitioning its operations from a 2020 No-Action relief pilot for clearing US equities to its current regulatory standing.
Speaking on the registration, Charles Cascarilla, CEO and co-founder of Paxos, says: 鈥淥ur clearing agency registration is the result of seven years of work with the SEC, 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.鈥�
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