Paxos Subsidiary Granted SEC Registration as Blockchain-Native Clearing Agency
Paxos Securities Settlement Company (PSSC), a subsidiary of Paxos, has received registration from the U.S. Securities and Exchange Commission (SEC) to operate as a clearing agency under Section 17A of the Securities Exchange Act of 1934. This marks PSSC as the first blockchain-native firm approved by the SEC for such services in the United States.
Topics: blockchain financial_infrastructure securities_clearing