Paxos Scores SEC Approval as Registered Clearing Agency

Paxos just landed a major regulatory win. The company announced that the US Securities and Exchange Commission has approved its subsidiary — Paxos Securities Settlement Company (PSSC) — as a registered clearing agency.

The registration means PSSC can now provide clearing and settlement services for eligible transactions. That's a big deal in the financial infrastructure world, where clearing agency status is notoriously hard to obtain and heavily regulated.

For Paxos, which has built its reputation on blockchain-based settlement technology, the approval represents a significant step toward legitimacy in traditional financial markets. Getting the SEC's stamp of approval puts the company in rare company among registered clearing agencies.

The move signals continued convergence between crypto-native firms and legacy financial infrastructure — with regulators increasingly willing to let blockchain players into the plumbing of traditional finance.