Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$23,119.000.06%
  • ethereumEthereum$1,590.87-0.40%
  • xrpXRP$0.411928-0.15%
  • bitcoin cashBitcoin Cash$136.551.79%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Paxos Starts Settling Stock Trades on Blockchain

Sherlock Gomes by Sherlock Gomes
February 21, 2021
in Crypto news
Reading Time: 4min read
Paxos Starts Settling Stock Trades on Blockchain
Rate this post

In a startling change from the traditional systems, New York-based Paxos has started settling stock trades using blockchains. This is the first time that the SEC has approved the settlement of US equities outside of the legacy systems.

New settlement service

Blockchain startup Paxos launched its settlement service recently, which allows the firm to process transactions on some stocks listed in the US. Known as Paxos Settlement Service, the platform will enable any two parties to settle securities trade directly and bilaterally with each other using a blockchain-based solution. The service will also process stocks between a limited number of broker-dealers. Early adopters include Société Générale, Instinet and Credit Suisse.

Paxos Starts Settling Stock Trades on Blockchain

The US Securities and Exchange Commission (SEC) provided no-action relief to Paxos, which has helped them launch their settlement platform. This means that the regulator will not take any enforcement actions against the company for launching the product. This will help Paxos create a comprehensive offering in the traditional securities sector, moving away from the crypto sector.

Landmark service for the blockchain industry

The settlement platform by Paxos marks the first big interaction between the mainstream financial industry and blockchains. Though banks like JP Morgan are already running their own blockchain, this is the first time that the SEC has greenlighted a solution that works directly with multiple players in traditional finance.

According to Paxos, it will be able to settle select large-cap and liquid stocks via its platforms that work on “a private and permissioned distributed ledger system that records changes in ownership of securities and cash resulting from the settlement of securities transactions between participants.”

Paxos is known for issuing Paxos Standard Token (PAX), which is a US dollar-backed stablecoin. In recent months, it has also launched a gold-back stablecoin. The company suggests that it will start expanding the scope of the settlement platform to include the street side broker-dealers and other US-listed equities. It also aims to get regulatory greenlight for operating a clearing agency this year.

As Paxos is based in New York, it is a licensed financial services company that opens new avenues for offering tokenized securities and other crypto offerings that could be accepted into traditional finance and banking systems. The company’s co-founder and CEO Charles Cascarilla said that getting a no-action relief from the SEC was only the first step in their journey. He said that the firm is working closely with Instinet and Credit Suisse to offer cost benefits in the long run and to create a more refined live environment.

Tags: BlockchainCharles CascarillaPaxosPaxos Standard Token (PAX)SECSecurities and Exchange Commission (SEC)

Related Posts

Polkadot Insists That DOT Has ‘Morphed’ From Security Status
Blockchain

Polkadot Insists That DOT Has ‘Morphed’ From Security Status

January 27, 2023
Davos-Launched Blockchain Project Strives To Be The ‘SWIFT’ Of CBDCs And Stablecoins
Blockchain

Davos-Launched Blockchain Project Strives To Be The ‘SWIFT’ Of CBDCs And Stablecoins

January 23, 2023
Bitcoin Price Surge: Is It A Breakthrough Or Bull Trap?
Analysis

Bitcoin Price Surge: Is It A Breakthrough Or Bull Trap?

January 23, 2023
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.