Paxos Subsidiary Receives SEC Clearing Agency Registration

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Paxos announced that its subsidiary Paxos Securities Settlement Company has received clearing agency registration from the U.S. Securities and Exchange Commission (SEC), authorizing it to provide clearing and settlement services as a central securities depository in the United States. The company's blockchain-based U.S. stock settlement service, which launched in February 2020 following an SEC no-action letter, now operates under a regulated framework enabling same-day settlement and improved operational efficiency. Paxos issues stablecoins and digital assets including PayPal USD, Global Dollar, and Pax Gold.
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