Paxos wins SEC approval to clear U.S. stocks on blockchain

Paxos new license positions it alongside legacy giants such as DTCC and makes it a compelling, more efficient alternative for traditional finance giants than legacy competitors.

Paxos Securities Settlement Company, LLC (PSSC) has received full registration to provide clearing and settlement services by the U.S. Securities and Exchange Commission (SEC).

Stablecoin issuer Paxos said the regulatory…