SEC grants Paxos first blockchain native clearing agency registration for securities settlement

May 29, 2026, 6:24:16 AM UTC(10 hours ago)

Impact: Medium

Affected Assets

The SEC registration follows a seven year regulatory process that began with a 2019 no action letter and a multi year pilot program
Paxos Securities Settlement Company is now the only blockchain native firm authorized to operate as a central securities depository in the United States
The approval allows for same day settlement of U.S. equities which significantly reduces costs and operational risks compared to traditional T+1 or T+2 cycles
Industry experts view the move as a critical milestone for the convergence of traditional capital markets and regulated blockchain infrastructure
The registration was granted under Section 17A of the Securities Exchange Act of 1934 marking a shift from experimental pilots to formal market infrastructure

JUST IN: 🇺🇸 SEC grants first blockchain-native company 'Paxos' approval to clear and settle securities transactions.