Paxos wins SEC approval to clear U.S. stocks on blockchain!

Paxos Securities Settlement Company (PSSC) has received full SEC registration to provide clearing and settlement services, making it the first blockchain firm authorized to operate as a central securities depository (CSD) for traditional U.S. equities. The designation puts Paxos alongside legacy post-trade infrastructure like the DTCC — but with a fundamentally different settlement architecture.

With blockchain as the clearing rail, PSSC can settle eligible securities same-day or near-instantly, eliminating the traditional T+1 window and freeing up locked collateral for institutional participants. The approval also clears the path for Paxos' institutional tokenization of real-world assets (RWAs), giving market participants a regulated pipeline to clear and settle digital asset trades involving traditional equities.