Key Takeaways:
- Paxos is registered as a clearing agency with the SEC in the U.S.
- The company is the first blockchain native firm that received permission to operate as a regulated securities settlement firm.
- Paxos says its blockchain capabilities could facilitate quicker settlement and increased cost savings for financial institutions.
Paxos has made a significant stride in bridging the gap between the world of crypto and traditional finance. Its subsidiary, Paxos Securities Settlement Company (PSSC), was granted a registration by the U.S. Securities and Exchange Commission (SEC) as a clearing agency, now enabling the company to officially provide clearing and settlement services to eligible securities tra...
English (US)