https://www.reuters.com/article/us-crypto-currency-paxos/cryptocurrency-firm-paxos-to-apply-for-clearing-agency-license-idUSKBN2BT1WV

Cryptocurrency firm Paxos said on Tuesday it will apply for a formal clearing agency license from the U.S. Securities regulator following a pilot test in which Credit Suisse and Instinet used its platform for same-day trade settlements.