Paxos subsidiary registered as clearing agency by SEC
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Paxos subsidiary registered as clearing agency by SEC 29 May 2026US Reporter: Matthew Challis
Image: Kristina_Blokhin/stock.adobe.com
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 “another critical capability” 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: “Our 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.”
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Image: Kristina_Blokhin/stock.adobe.com 