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Paxos has become the first blockchain-native firm to receive full SEC approval as a registered clearing agency, setting the stage for same-day settlement in traditional capital markets. SEC Opens Wall Street Plumbing For Blockchain Technology The landmark decision makes Paxos the first and only blockchain-native enterprise approved to operate as a central securities depository (CSD) […]
The approval makes Paxos the “only blockchain-native firm” approved by the SEC to operate as a registered clearing agency in the U.S.
Paxos has received approval from the U.S. Securities and Exchange Commission to operate a blockchain-based clearing agency, becoming what the company says is the first blockchain-native firm authorized to provide central securities depository services in the country. According to Paxos,…
Paxos says its approval as a blockchain-focused clearing agency represents a “critical piece of financial market infrastructure” as Wall Street becomes more interested in crypto.
