Paxos subsidiary becomes first blockchain-native firm to secure SEC clearing agency registration after seven years, enabling same-day settlements for US equities with major financial institutions.

'First and only': Paxos secures SEC registration as clearing and settlement agency

Paxos announced Thursday that its subsidiary, Paxos Securities Settlement Company (PSSC), has received registration as a clearing agency from the U.S. Securities and Exchange Commission, under the Securities Exchange Act of 1934.The registration allows PSSC to offer clearing and settlement services for eligible securities transactions, according to its release. The company said it is the "first and only blockchain-native" firm to get such approval from the SEC."Our clearing agency registration i...