finance
SEC Approves Paxos to Clear and Settle Securities Transactions
The U.S. Securities and Exchange Commission granted Paxos approval to clear and settle securities transactions. The decision marks the first such approval for a blockchain-native firm.
May 29, 2:19 AM·1m read1 source
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The approval allows the company to perform functions typically handled by traditional clearinghouses and settlement agents.
Paxos operates as a blockchain-native company focused on digital asset infrastructure. The SEC action follows standard review procedures for entities seeking to expand into securities clearing and settlement. No named officials or spokespersons were identified in the announcement.
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