Paxos Gets SEC Green Light for Blockchain-Based Securities Settlement

TLDR Paxos Securities Settlement Company received SEC clearing agency registration. PSSC can now clear and settle eligible securities transactions in the U.S. Paxos says PSSC is the only blockchain-native SEC-registered clearing agency. The approval follows years of SEC engagement and a 2019 No-Action Letter. Paxos tested U.S. equities settlement under SEC no-action relief from 2020. [...]

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