Paxos Becomes First Blockchain-Native SEC-Approved Clearing Agency

TheNewsCryptoPublicado em 2026-05-29Última atualização em 2026-05-29

Resumo

Paxos has become the first blockchain-native company to be approved and registered as a clearing agency by the U.S. Securities and Exchange Commission (SEC). Its subsidiary, Paxos Securities Settlement Company, is now authorized to act as a central securities depository in the United States. This registration is the culmination of seven years of work with the SEC, including a 2019 No-Action Letter and a settlement pilot involving major financial institutions. The approval marks a significant step in the convergence of blockchain technology with traditional capital markets. A registered blockchain clearinghouse reduces the need for banks and brokerages to build their own crypto-based infrastructure. Paxos's earlier pilot demonstrated that blockchain-based post-trade infrastructure could enable same-day settlement, lower costs, and improve operational efficiency within a regulated framework. Paxos is also known as a stablecoin issuer, with products like Pax Gold (PAXG) and PayPal USD (PYUSD).

The first “blockchain-native” company to get registration as a clearing agency from the US SEC is Paxos, a blockchain infrastructure platform and stablecoin issuer. On Thursday, Paxos said that its subsidiary, Paxos Securities Settlement Company, has been authorized by the SEC to serve as a central securities depository in the United States, making it “the only blockchain-native firm” in this capacity.

Charles Cascarilla, co-founder and CEO of Paxos stated:

“Our clearing agency registration is the result of seven years of work with the SEC, beginning with our No-Action Letter in 2019 and the settlement pilot we operated with some of the world’s largest and most sophisticated financial institutions.”

The business went on to say that this clearance is a “critical piece of financial market infrastructure” because of the ongoing convergence of blockchain technology with conventional capital markets.

Securities Settlement with Blockchain-based Market Infrastructure

Clearing agencies guarantee that securities trades are carried out in a tidy manner. Clearing and settlement providers are essential to the stock trading process because they authenticate trades, pair buyers and sellers, and guarantee a smooth transfer of funds and securities.

The need for banks and brokerages for building crypto-based infrastructure is alleviated by a registered blockchain clearinghouse that has been approved by the SEC. After receiving a no-action letter from the SEC in October 2019, Paxos was able to begin testing a settlement service for US stocks that relied on blockchain technology. The service was officially launched in February 2020.

The pilot, according to Paxos, proved that, within a properly regulated environment, blockchain-based post-trade infrastructure may bring about same-day settlement while simultaneously lowering costs and increasing operating efficiency. Paxos is a digital asset and stablecoin issuer. Some of its products include Pax Gold (PAXG), Global Dollar (USDG), and PayPal USD (PYUSD).

Highlighted Crypto News Today:

Sui Network Recovers From Hours-Long Network Stall Triggered by Upgrade Bug

TagsBlockchainPaxos

Perguntas relacionadas

QWhat is the significance of Paxos becoming the first blockchain-native SEC-approved clearing agency?

AIt signifies a major regulatory milestone, allowing a blockchain-native firm to serve as a central securities depository and clearing agency in the U.S., bridging blockchain technology with traditional capital markets infrastructure.

QWhat specific Paxos subsidiary received the SEC's clearing agency registration?

APaxos Securities Settlement Company, a subsidiary of Paxos, received the registration to serve as a central securities depository in the United States.

QHow long did the process take for Paxos to achieve this registration with the SEC, and what was a key early step?

AThe process took seven years. A key early step was receiving a No-Action Letter from the SEC in 2019, which allowed Paxos to begin testing its blockchain-based settlement service.

QWhat are the potential benefits of using blockchain-based post-trade infrastructure for securities settlement, as demonstrated by Paxos's pilot?

AAccording to Paxos's pilot, blockchain-based infrastructure can enable same-day settlement (T+0), reduce costs, and increase operational efficiency compared to traditional systems.

QName at least two stablecoins or digital assets issued by Paxos as mentioned in the article.

APaxos issues digital assets and stablecoins including Pax Gold (PAXG), Global Dollar (USDG), and PayPal USD (PYUSD).

Leituras Relacionadas

Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

Despite bearish market conditions and price volatility, Solana is demonstrating significant strength in its derivatives market. The network's monthly perpetual futures volume has surged to a new record, exceeding $76.7 billion in May 2026—a 34% increase from the previous high. This growth reflects heightened speculative activity and trader engagement. Analysts note that perpetual contracts are becoming crucial financial primitives, with Solana positioning itself as a network for genuine on-chain price discovery and execution. Concurrently, Solana is experiencing a massive increase in stablecoin activity, processing over $79.9 billion in stablecoin volume in one week, underscoring its role as a major hub for on-chain liquidity and transactions.

bitcoinistHá 8m

Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

bitcoinistHá 8m

Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

**Summary: How Wealthy Chinese Circumvent $50,000 Annual Foreign Exchange Limits** Despite China's strict capital controls, including an annual $50,000 per person foreign exchange quota, an estimated $150 billion in funds still leaves the country annually via various gray and underground channels. This report outlines the evolution of China's "capital wall" and the methods used to bypass it. **The Evolving Capital Controls:** * **Foundation (1994):** The system of "current account convertibility with strict capital account controls" was established. * **Quota Set (2007):** The $50,000 individual annual forex purchase limit was formalized. * **Crackdown Begins (2015-2017):** Following market volatility, enforcement tightened. Banks were required to scrutinize transactions, and channels like using UnionPay cards for Hong Kong insurance premiums or buying overseas property were blocked. * **Digital & Legal Upgrades (2024-2026):** Enhanced algorithms now flag suspicious patterns (e.g., "smurfing"). The Common Reporting Standard (CRS) provides Chinese tax authorities with data on citizens' offshore accounts. Unlicensed cross-border brokers have been targeted. **Five Primary Methods for Moving Capital:** 1. **Underground Banking / "Hawala" (Duiqiao):** The largest-scale method. No money crosses borders. Clients pay RMB to a domestic account; an overseas associate deposits equivalent foreign currency into the client's offshore account. Risks include high fees, account freezes, and legal penalties. 2. **"Smurfing" or "Ant Moving":** Using multiple individuals' $50,000 quotas to pool funds for one offshore recipient. Increasingly detected by anti-money laundering algorithms. 3. **Trade Invoice Manipulation:** Businesses over-invoice imports or under-invoice exports via offshore shell companies, creating a pretext to transfer excess funds abroad under the guise of trade. 4. **Channel Migration:** After a crackdown on internet brokers, funds flow toward more compliant but costly channels like major banks' cross-border wealth management services or Qualified Domestic Institutional Investor (QDII) quotas. 5. **Structural Arrangements:** High-net-worth individuals use complex, high-cost legal structures involving offshore trusts, insurance, and investment migration programs to transfer asset ownership. **Regulatory Response: Focusing on People, Not Just Money** The current strategy extends oversight from enterprises to **individual residents**. Tools like CRS allow retroactive visibility into offshore assets. Cryptocurrencies, once seen as a potential loophole, are now actively monitored and prosecuted as an illegal channel. The underlying driver remains: with significant wealth concentrated among millions of affluent households seeking diversification amid domestic economic shifts, the incentive to move assets offshore persists despite regulatory barriers.

marsbitHá 14m

Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

marsbitHá 14m

Ethereum's Ballmer Moment: As Everyone Is Bearish, the Circulating Supply Is Disappearing

"Ethereum's Ballmer Moment: Circulation Shrinks Amid Bearish Sentiment" Amid widespread bearish sentiment, with prominent figures like Bankless founder David Hoffman selling ETH and young developers flocking to Solana, some argue Ethereum is entering its "Ballmer era"—akin to Microsoft's perceived stagnation under Steve Ballmer. While surface-level criticisms about slow protocol development, cautious leadership, and competitive pressure are valid, underlying fundamentals tell a different story. Approximately 30% of ETH is staked, major holders like BitMine are accumulating, and spot ETFs continue to absorb supply. Regulatory clarity, including the SEC/CFTC's March ruling on staking rewards and the potential passage of the CLARITY Act, is transforming crypto from a regulatory threat into a legitimized framework. This institutionalization, alongside a shrinking circulating supply (with net issuance around 0.23% annually), creates significant buy-side pressure independent of fee-based value capture. The broader crypto total addressable market is expanding through regulated stablecoins, tokenized assets, and institutional adoption. While public chains face competition from permissioned alternatives, the winning model appears to be permissioned assets settling on public chains like Ethereum and Solana. The author advocates a non-maximalist, barbell strategy: holding ETH for its institutional role and supply squeeze, SOL for consumer/throughput trends, BTC as a macro hedge, and a basket of next-gen L1s. Key bullish drivers for ETH include rapid circulation shrinkage, potential Q2 staked ETF approvals, regulatory tailwinds solidifying its role as a default settlement layer, and the optionality of an eventual "Satya moment" leadership shift. Despite bearish consensus, the current setup—where crypto is "not hot" and regulatory groundwork is being laid—presents a compelling investment opportunity. The crypto cycle's focus may have shifted to AI, but blockchain infrastructure is gaining a legal and institutional foothold precisely while attention is elsewhere.

marsbitHá 14m

Ethereum's Ballmer Moment: As Everyone Is Bearish, the Circulating Supply Is Disappearing

marsbitHá 14m

Claude Code Introduces Dynamic Workflows: Enabling AI to Form Teams and Collaborate

Claude Code introduces dynamic workflows, enabling AI to coordinate teams of specialized agents for complex tasks. This transforms Claude from a code assistant into a programmable workbench. Workflows address key limitations of single-agent systems: agentic laziness (premature task completion), self-preferential bias (favoring own outputs), and goal drift (losing sight of original objectives). The system allows Claude to dynamically create execution frameworks using JavaScript. It can split tasks, dispatch parallel agents for isolated work (e.g., in separate worktrees), implement adversarial validation, run tournaments, and synthesize results. This multi-agent approach is valuable for tasks requiring deep research, factual verification, code migration, root cause analysis, large-scale triage, and qualitative sorting. Key patterns include: classify-and-route, fan-out-and-synthesize, adversarial verification, generate-and-filter, tournaments, and loop-until-done. While token usage is higher, workflows excel where tasks resemble programming—needing problem decomposition, isolated context, hypothesis testing, and handling many details. They extend Claude Code's utility beyond technical work to areas like business plan review, resume screening, and naming brainstorm. The feature is not a universal solution but points to a future where AI tool competitiveness depends on organizing reliable, reusable, and auditable execution flows for complex goals.

marsbitHá 55m

Claude Code Introduces Dynamic Workflows: Enabling AI to Form Teams and Collaborate

marsbitHá 55m

Hyperliquid, Wall Street's 24/7 Trading Convenience Store

Hyperliquid: The 24/7 Trading "Convenience Store" for Wall Street Hyperliquid, a decentralized cryptocurrency exchange, has become a go-to platform for Wall Street traders seeking to trade around the clock, especially during traditional market closures. Founded by Jeff Yan, a former quantitative trader, after the FTX collapse, the platform emphasizes user self-custody of assets. It offers a wide range of perpetual contracts—leveraged derivatives with no expiry—on assets from Bitcoin and crude oil to the S&P 500 and even pre-IPO companies like SpaceX. A notable example involves a hedge fund trader who capitalized on geopolitical news over a weekend, securing a 243% return on oil derivatives before markets reopened. The platform, run by just 11 employees, generated approximately $800 million in revenue last year, and its native token HYPE has seen significant growth. Its rise highlights the merging of traditional finance and crypto. While U.S. users are currently restricted, recent CFTC rule changes could open access. The platform is known for its transparency, having processed $10 billion in liquidations during a market crash while competitors faltered. Regulators warn of the high risks and complexity of perpetual contracts for retail investors. Key to its appeal is a strong community culture, direct engagement with founders, and a simple interface. Despite rules against VPN use, it attracts global users with its permissionless approach. Hyperliquid plans to expand into prediction markets and options, aiming to eventually host all financial activity.

marsbitHá 56m

Hyperliquid, Wall Street's 24/7 Trading Convenience Store

marsbitHá 56m

Trading

Spot
Futuros

Artigos em Destaque

Como comprar F

Bem-vindo à HTX.com!Tornámos a compra de Synfutures (F) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Synfutures (F) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Synfutures (F)Depois de comprar o teu Synfutures (F), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Synfutures (F)Transaciona facilmente Synfutures (F) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

260 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Como comprar F

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de F (F) são apresentadas abaixo.

活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow