⚡ Blockchain is making a grand entrance into Wall Street...
Paxos Securities Settlement Company has received official registration from the SEC to provide clearing and settlement services for securities, becoming the first licensed entity to utilize blockchain technology for settling U.S. stocks.
This news is significant because it’s not about a new crypto coin, but rather the deep infrastructure of traditional financial markets:
settlement, clearing, ownership transfer, and reducing post-trade latency.
In other words:
Blockchain is no longer just a tool for speculation; it’s starting to become an operational layer within the traditional financial system.
If this experiment succeeds, we might see faster settlements, higher efficiency, and a reduction in some costs associated with traditional intermediaries.
The important question:
Is this the beginning of a gradual shift from traditional Wall Street to blockchain-based Wall Street?
#Blockchain
Paxos Securities Settlement Company has received official registration from the SEC to provide clearing and settlement services for securities, becoming the first licensed entity to utilize blockchain technology for settling U.S. stocks.
This news is significant because it’s not about a new crypto coin, but rather the deep infrastructure of traditional financial markets:
settlement, clearing, ownership transfer, and reducing post-trade latency.
In other words:
Blockchain is no longer just a tool for speculation; it’s starting to become an operational layer within the traditional financial system.
If this experiment succeeds, we might see faster settlements, higher efficiency, and a reduction in some costs associated with traditional intermediaries.
The important question:
Is this the beginning of a gradual shift from traditional Wall Street to blockchain-based Wall Street?
#Blockchain