Paxos wins SEC approval to clear U.S. stocks on blockchain
Paxos Securities Settlement Company received SEC registration to clear and settle U.S. stocks on blockchain, becoming the first blockchain firm authorized as a central securities depository for equities. The approval enables same-day or near-instant settlement, eliminating traditional delays and freeing capital for institutional participants. This positions Paxos as a compelling alternative to legacy post-trade infrastructure like DTCC.
Key takeaways
- 1Paxos Securities Settlement Company received SEC registration as the first blockchain firm authorized as a central securities depository for U.S. equities.
- 2Blockchain-based settlement enables same-day or near-instant stock settlement, eliminating traditional delays and freeing locked capital for institutional participants.
- 3Paxos now operates alongside legacy giants like DTCC, offering institutions an alternative clearing infrastructure for tokenized real-world assets.
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Why it matters
This approval removes regulatory barriers for blockchain-based settlement in Indian institutional finance, potentially enabling faster, cheaper clearing of securities for domestic investors participating in global markets. It signals regulatory acceptance of blockchain infrastructure for core financial functions, likely influencing India's RBI and SEBI stance on digital asset settlement frameworks.
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