Paxos said its subsidiary, Paxos Securities Settlement Company, received U.S. Securities and Exchange Commission registration as a clearing agency under the Securities Exchange Act of 1934. The company said the approval, announced on the 28th, makes it the first crypto-related firm and blockchain company to obtain that status in the United States. The existing topic context indicates Paxos has positioned the registration as a step toward expanding blockchain-based post-trade infrastructure for securities transactions and serving banks and brokers through regulated settlement systems.