Paxos new license positions it alongside legacy giants such as DTCC and makes it a compelling, more efficient alternative for traditional finance giants than legacy competitors.

Paxos says it is the first so-called blockchain-native firm to win SEC clearing agency registration, opening the door for blockchain technology to be involved in settling…

Paxos Securities Settlement Company becomes the first blockchain-native clearing agency approved by the SEC after seven years of regulatory engagement.

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 said it is the first and only blockchain-native firm to be registered as a clearing agency under the SEC.

Approvazione SEC Paxos: via libera al clearing e settlement titoli. Passo storico per la finanza tokenizzata e la compliance.

Paxos new license positions it alongside legacy giants such as DTCC and makes it a compelling, more efficient alternative for traditional finance giants than legacy competitors.

The SEC has granted Paxos approval to operate as a registered clearing agency, enabling blockchain-based settlement for U.S. equities.