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

theblock.co·May 29, 2026

LMAX Digital is an institutional cryptocurrency exchange that provides high-level information and live data. It features current market prices for various cryptocurrencies and highlights significant news in the crypto industry, including regulatory developments and market activities.

Paxos Securities Settlement Company (PSSC) has become the first blockchain-native firm to secure SEC registration as a clearing agency. This milestone enables PSSC to offer blockchain-based clearing and settlement services, potentially streamlining securities transactions with same-day settlements and reduced costs. For someone tracking fintech and DeFi, this development signals a significant move toward integrating blockchain technology into traditional finance, offering potential efficiency gains and cost reductions in securities processing.

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