Trending Now - Paxos Gains SEC Approval to Operate as a Clearing Agency

WHO:

Techmeme - Paxos, a financial technology company, and its subsidiary, Paxos Securities Settlement Company (PSSC).

Cointelegraph - The US SEC (Securities and Exchange Commission).

WHAT:

Techmeme - The US SEC has approved Paxos's registration as a clearing agency.

Cointelegraph - Paxos's approval as a blockchain-focused clearing agency is described as a “critical piece of financial market infrastructure.”

WHERE:

Techmeme - The approval pertains to operations in the United States.

WHEN:

Cointelegraph - The approval allows Paxos to provide clearing and settlement services for eligible transactions in the future.

WHY:

Cointelegraph - The approval comes as Wall Street shows increased interest in cryptocurrency.

HOW:

Techmeme - Paxos will now be able to offer clearing and settlement services through its newly registered clearing agency.

(UPDATED May 29, 2026 12:03 UTC)

The US SEC has approved Paxos's registration as a clearing agency, marking a significant development for the financial technology company and its subsidiary, Paxos Securities Settlement Company. This approval allows Paxos to provide clearing and settlement services for eligible transactions in the future, which is seen as a critical piece of financial market infrastructure as Wall Street shows increased interest in cryptocurrency. With this new status, Paxos will be able to offer these essential services through its registered clearing agency in the United States.