Paxos Gains SEC Approval to Clear U.S. Stocks on Blockchain

Paxos Securities Settlement Company, LLC (PSSC) has secured full registration from the U.S. Securities and Exchange Commission (SEC) to provide clearing and settlement services, marking a significant milestone for the blockchain firm. According to CoinDesk, this approval positions Paxos alongside legacy entities like the Depository Trust & Clearing Corporation (DTCC) and enables it to operate as a central securities depository for traditional equities in the U.S. The move clears a bottleneck for Paxos' institutional tokenization goals, allowing same-day or near-instant settlement of eligible securities, thus freeing up locked capital for institutional participants.