All developments
SECVendor / TPRMMay 29, 2026

SEC Grants Paxos Temporary Registration as a Clearing Agency

The SEC has granted Paxos Securities Settlement Company, LLC temporary registration as a clearing agency under the Securities Exchange Act of 1934, marking a significant step toward blockchain-based securities settlement entering the regulated clearing infrastructure. While the official summary is limited, this signals the SEC is willing to bring crypto-native settlement firms into the traditional regulatory perimeter. Compliance officers at broker-dealers, crypto custodians, and exchanges should note this development as it may affect counterparty risk assessments and future settlement obligations.

What to do

  • Review your counterparty and vendor risk framework to assess whether Paxos or blockchain-based settlement services are in scope, and monitor the terms of the temporary registration for compliance obligations that may flow to participants.

Who this affects

Broker-Dealer / RIACrypto ExchangeCrypto CustodianTrust Company

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Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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