Paxos Subsidiary Gets SEC Approval as First Blockchain-Native Registered Clearing Agency

According to PRNewswire, Paxos Securities Settlement Company, LLC (PSSC), a subsidiary of stablecoin issuer Paxos, received approval from the U.S. Securities and Exchange Commission (SEC) to register as a clearing agency. The registration marks PSSC as the first blockchain-native registered clearing agency in the United States, enabling it to provide securities clearance and settlement services as a central securities depository (CSD) for eligible securities transactions.
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