Paxos has announced that its subsidiary, Paxos Securities Settlement Company, LLC (PSSC), has been approved by the U.S. Securities and Exchange Commission (SEC) to register as a clearing agency. This approval marks PSSC as the first blockchain-native clearing agency in the United States, allowing it to provide securities clearing and settlement services.
With this registration, PSSC is authorized to operate as a Central Securities Depository (CSD), facilitating the clearing and settlement of eligible securities transactions. This development represents a significant milestone in integrating blockchain technology into the U.S. financial infrastructure.
Paxos Subsidiary Becomes First Blockchain-Native Clearing Agency in U.S.
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