Paxos Securities Settlement Company has received full registration from the U.S. Securities and Exchange Commission to operate as a clearing agency. The approval makes the firm the first blockchain-native entity authorized to clear and settle traditional equities in the United States.
Paxos said the registration allows its subsidiary to act as a central securities depository alongside established players such as the Depository Trust & Clearing Corporation. The move enables settlement of eligible securities on the same day or nearly instantly through blockchain technology, removing the traditional multi-day window that ties up capital for institutional participants.
