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

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

Bitcoin Wyckoff Accumulation Is About To Do Something That No One Is Expecting

A crypto analyst warns that Bitcoin is forming a classic Wyckoff Accumulation pattern, a setup historically known for causing severe price drops to shake out ordinary investors before a major rally. The expert, NoName, states that key early stages of the pattern are complete on the weekly chart. He predicts one final sharp decline to around $52,000—the "Spring" phase—which would trigger panic selling and stop losses. This potential bottom is identified as a prime buying opportunity for "smart money." If the pattern plays out fully, Bitcoin could subsequently break through resistance near $76,000 and eventually rally toward $110,000.

bitcoinistHá 41m

Bitcoin Wyckoff Accumulation Is About To Do Something That No One Is Expecting

bitcoinistHá 41m

Snowflake's stock price surges 33%, AI infrastructure expands from chips to the data layer

Snowflake's stock surged over 33% after the company raised its full-year revenue forecast and announced a $6 billion, five-year partnership with AWS. This agreement, which secures AWS Graviton chip supply, underscores Snowflake's evolving role in the AI infrastructure landscape. The market's reaction reflects a reassessment of data platforms as critical enablers for enterprise AI adoption. As companies move beyond conceptual AI to building operational, data-integrated AI workflows, demand for robust data storage, processing, and analysis capabilities is increasing. The deal strengthens AWS's custom chip ecosystem while positioning Snowflake not just as a data warehouse, but as a key data layer for deploying and managing AI applications. Analysts have rapidly revised their valuations upwards, signaling a shift in sentiment where proven AI-driven revenue growth is now commanding premium multiples.

marsbitHá 2h

Snowflake's stock price surges 33%, AI infrastructure expands from chips to the data layer

marsbitHá 2h

Ripple Makes New Demands From SEC, What Are They Asking For?

Ripple has sent a letter to the U.S. SEC's Crypto Task Force requesting regulatory clarity on payment stablecoins and tokenized securities. This follows up on a meeting held in March. Key demands include clarification on how stablecoins should be treated as collateral on balance sheets under amended Rule 15c3-1, and defining "Qualified Payment Stablecoins" for custody under Rule 15c3-3. Ripple also asked for confirmation that other major crypto non-securities, beyond Bitcoin and Ethereum, receive equivalent regulatory treatment, suggesting a revision to related SEC FAQs. Furthermore, the firm proposed a 0% haircut for stablecoins under certain conditions and requested that on-chain registries be designated as the single authoritative legal record for ownership, eliminating ambiguity in digital twin structures. In a separate reaction, Ripple CEO Brad Garlinghouse declared the "anti-crypto army" defeated, citing support from courts, voters, and former U.S. President Donald Trump, who criticized former SEC Chair Gary Gensler and vowed to codify pro-crypto legislation.

bitcoinistHá 3h

Ripple Makes New Demands From SEC, What Are They Asking For?

bitcoinistHá 3h

Trump Rejects Iran Deal — Bitcoin Reacts With Sharp Drop Below $74K

A fabricated report from Iranian state media about a tentative US-Iran deal triggered a sharp sell-off in Bitcoin, briefly pushing its price below $74,000. The report, detailing a supposed memorandum of understanding to ease tensions and restore shipping through the Strait of Hormuz, caused Bitcoin to drop from above $75,000 to a daily low near $73,200. The White House quickly dismissed the report as a "complete fabrication," and President Trump reinforced that the US was unsatisfied with any Iranian proposals. This highlights the heightened sensitivity of cryptocurrency markets to geopolitical news, especially developments affecting global shipping and energy supplies, as traders reacted swiftly to the conflicting signals.

bitcoinistHá 6h

Trump Rejects Iran Deal — Bitcoin Reacts With Sharp Drop Below $74K

bitcoinistHá 6h

Bitcoin Bulls Face Growing Market Headwinds

Bitcoin briefly reclaimed $72,500, triggering $342 million in long liquidations. Analysts note mounting bearish pressure ahead of a $9 billion monthly options expiry, with put options significantly outnumbering calls. On-chain data reveals a worrying shift: large "whale" balances are stagnating or declining, while "dolphin" accumulation has slowed sharply—a pattern historically linked to sustained price weakness. The long-term holder supply has reached a record high, suggesting a lack of new buyers entering the market amid deteriorating macroeconomic and geopolitical conditions.

TheNewsCryptoHá 8h

Bitcoin Bulls Face Growing Market Headwinds

TheNewsCryptoHá 8h

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.

256 Visualizações TotaisPublicado em {updateTime}Atualizado em 2025.03.21

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.