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May 29, 2026

Paxos Becomes First Blockchain-Native Firm to Secure SEC Clearing Agency Registration

Paxos Securities Settlement Company received SEC registration as a clearing agency under Section 17A, marking the first blockchain-native firm to achieve this status after seven years of engagement with regulators beginning with a 2019 no-action letter.

May 29, 2026·4 sources
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Top claims

  • ▪Paxos Securities Settlement Company's clearing agency registration is the result of seven years of engagement with the SEC, beginning with a 2019 No-Action Letter.
  • ▪Nasdaq won SEC approval for tokenized equity trading in March 2026.
  • ▪Paxos Securities Settlement Company is the only blockchain-native firm registered to provide clearing and settlement services as a central securities depository in the United States.

Topics

Blockchain technologyCrypto regulationSecurities vs. commoditiesInstitutional crypto adoptionCrypto market structure

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