This page may contain stale information. Last updated: 2026-06-01
Overview
Paxos is a blockchain infrastructure platform providing regulated digital asset services including stablecoins, custody, and securities settlement. CEO Charles Cascarilla co-founded the company to replatform financial infrastructure on blockchain rails.
Recent Developments
- 2026-05-27: SEC granted Paxos Securities Settlement Company (PSSC) temporary registration as clearing agency under Section 17A (Release 34-105562) — first blockchain-native firm approved as registered CSD in the U.S.
- 2020: Live equity settlement pilot with AT&T, General Electric, and major financial institutions
- 2019: SEC no-action letter for blockchain settlement pilot
PSSC Capabilities
- Bilateral delivery-versus-payment (DvP) on private permissioned ledger
- Same-day (T+0) settlement for eligible U.S. securities
- Does NOT act as central counterparty (CCP) — lower margin requirements
- Commercial launch expected March 2027 earliest
Registration is temporary (max 18 months) per SEC order — Paxos press release omits this detail.