6 Aug 2025
📊SEC Notice on Paxos Clearing Agency Application Impacts
Paxos Securities Settlement Company, LLC; Notice of Filing of an Application for Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
Summary
Paxos Securities Settlement Company, LLC has filed an application with the SEC for registration as a clearing agency. The application details its intended services, including clearance and settlement through a private, permissioned settlement service using distributed ledger technology. The SEC is soliciting comments on this application as part of its review process.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The notice discusses PSSC's application to register as a clearing agency, which signifies compliance and regulatory updates pivotal for securities firms. This could impact businesses in the financial sector by defining new clearance, settlement processes, and fee structures.