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

Does this affect your program?

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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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