Paxos subsidiary PSSC has received full SEC registration to provide clearing and settlement services, becoming the first blockchain firm authorized as a central securities depository (CSD) for traditional U.S. equities. This milestone positions Paxos alongside legacy infrastructure like DTCC, enabling same-day settlement via blockchain. The approval, granted after a 2019 no-action relief and a 2020 pilot involving Bank of America, Credit Suisse, and Societe Generale, allows Paxos to bypass traditional settlement windows and free up capital. Paxos, which holds licenses from OCC, MAS, and FIN-FSA, can now bundle regulated stock clearing with its white-label tools used by PayPal and Mastercard. This clears a key bottleneck for institutional tokenization of real-world assets, offering a more efficient alternative for traditional finance giants.

Key facts

• Paxos subsidiary PSSC receives full SEC registration as a central securities depository.
• First blockchain firm authorized to clear and settle traditional U.S. equities.
• Same-day settlement via blockchain replaces traditional T+1 cycle.
• Pilot involved Bank of America, Credit Suisse, Societe Generale.
• Paxos holds licenses from OCC, MAS, FIN-FSA.

KeyAudit data perspective