Paxos Wins SEC Approval to Clear U.S. Stocks on Blockchain: Historic Convergence of TradFi and Crypto Infrastructure
Paxos SEC Approval Blockchain Stock Clearing Takes Key Step Crypto infrastructure company Paxos has received approval from the U.S. Securities and Exchange Commission (SEC) to become the first licensed entity authorized to clear U.S. stocks on blockchain. This license positions Paxos to compete directly with traditional financial giants like DTCC (Depository Trust & Clearing Corporation). Milestone Significance Paxos’s new license marks a fundamental shift in blockchain technology’s role within U.S. traditional financial markets: ...