Derived from BitcoinWorld, Paxos has applied to the U.S. Securities and Exchange Commission (SEC) to become a registered clearing agency. If approved, the move would allow the crypto infrastructure firm to hold and settle traditional securities like stocks and bonds on its blockchain platform. This initiative aims to tokenize real-world assets, enabling faster and more efficient transactions. The application represents a strategic effort to align with regulatory frameworks and could set a precedent for blockchain integration in traditional finance. The SEC will conduct a thorough review of the application, and the approval process may take months or years.
Paxos Applies to Become SEC Clearing Agency to Enable Tokenized Stocks and Bonds
BitcoinWorldShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.