Paxos wins SEC approval to clear U.S. stocks on blockchain
Paxos Securities Settlement Company (PSSC) received full SEC registration to provide clearing and settlement services, making it the first blockchain firm authorized to operate as a U.S. central securities depository for traditional equities. The approval supports Paxos’ plan to expand institutional tokenization of real-world assets by creating a regulated pipeline for clearing and settling digital asset trades tied to traditional stocks. PSSC can now offer blockchain-based post-trade settlement that may bypass legacy infrastructure such as DTCC, enabling same-day or near-instant settlement and reducing trapped capital and counterparty risk. Paxos says the new status also complements its existing regulated infrastructure and white-label payment tools.
