SEC approves Paxos to clear and settle securities on…

The U.S. Securities and Exchange Commission has granted Paxos, a blockchain-native financial infrastructure company, approval to clear and settle securities transactions — a landmark regulatory first that brings distributed-ledger technology directly into the core plumbing of traditional capital markets.

Paxos becomes the first blockchain-native firm to receive this designation, a milestone that signals a meaningful shift in how U.S. regulators view the role of crypto-native infrastructure in mainstream finance. Clearing and settlement — the back-office process that finalises trades and transfers ownership — has historically been the exclusive domain of legacy clearinghouses like the DTCC.

The approval opens a path for faster, more transparent settlement cycles.