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Brief
Digital-asset infrastructure group behind PAXG and PayPal's PYUSD. On May 27, 2026, the SEC granted Paxos Securities Settlement Company temporary clearing-agency registration for 18 months, subject to the order's conditions.
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Primary sources
Checks cover the claims listed below. Other details may still need review.
- SEC: temporary PSSC clearing-agency registration (opens in a new tab)
Checked
- May 27, 2026 order grants Paxos Securities Settlement Company temporary registration for 18 months with specified conditions and exemptions.
- Paxos: clearing-agency announcement (opens in a new tab)
Checked
- May 28 announcement describes the PSSC securities-settlement business; the SEC order controls the approval's scope and duration.
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Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries, Commodities
- Token standards
- erc-20
- Regulatory
- us-stablecoin-acts, singapore-mas, trump-eo-digital-assets
- Jurisdiction
- USAPAC
- Analytics
- defillama.com/stablecoin/pax-dollar
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Milestones
How this player got here.
- May 2026SEC granted PSSC temporary, conditional clearing-agency registration for 18 months
- Nov 2025Acquired Fordefi to expand institutional custody infrastructure
- Jul 2025Global Dollar (USDG) launched in the EU under MiCA, FIN-FSA, and MAS regulation
- Jan 2025Stablecoin license in Singapore
- Jun 2024PAXG crosses $500M
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Connections
Who they build with, build on, integrate with.
Flow
Capital, products, and distribution moving outward.
Dependency
Where this player builds on, integrates, or relies on others.
Tension
Direct competition or overlapping market position.
