Paxos receives SEC approval to clear and settle U.S. stocks using blockchain
By
Olivier Acuna
Crusty in the right places. Worth the chew.
Summary
Paxos, through its subsidiary Paxos Securities Settlement Company (PSSC), has received SEC approval to operate as a central securities depository (CSD) for traditional U.S. equities using blockchain technology. This makes Paxos the first blockchain firm authorized to clear and settle stock trades, positioning it alongside legacy infrastructure like the DTCC. The approval is a major milestone for institutional tokenization of real-world assets (RWAs), offering a more efficient alternative for traditional finance giants.
Key quotes
· 3 pulledPaxos said the regulatory milestone makes its subsidiary the first blockchain firm authorized to operate as a central securities depository (CSD) for traditional equities in the U.S.
The approval clears a bottleneck for Paxos' goals for institutional tokenization of real-world assets (RWAs).
Positioning it alongside legacy post-trade frameworks like the Depository Trust & Clearing Corporation (DTCC).
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