The need for banks and brokerages for building crypto-based infrastructure is alleviated by a registered blockchain clearinghouse.
Blockchain-based post-trade infrastructure may bring about same-day settlement while simultaneously lowering costs and increasing operating efficiency.
The first “blockchain-native” company to get registration as a clearing agency from the US SEC is Paxos, a blockchain infrastructure platform and stablecoin issuer. On Thursday, Paxos said that its subsidiary, Paxos Securities Settlement Company, has been authorized by the SEC to serve as a central securities depository in the United States, making it “the only blockchain-native firm” in this capacity.
Charles Cascarilla, co-founder and CEO of Paxos stated:
“Our clearing agency registration is the result of seven years of work with the SEC, beginning with our No-Action Letter in 2019 and the settlement pilot we operated with some of the world’s largest and most sophisticated fin
We współpracy z: https://thenewscrypto.com/paxos-becomes-first-blockchain-native-sec-approved-clearing-agency/
