Paxos Securities Settlement Company becomes first blockchain-native firm registered by SEC to clear and settle US securities
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Promote with Leviathan News18-month temporary registration with a 10-month ramp, a 10-participant cap for at least 12 months, and no enhanced netting is a very narrow lane, not a TradFi unlock button. PSSC still depends on DTC for eligible securities and corporate actions, with bilateral DVP on a permissioned Paxos Ledger instead of CCP-style risk mutualization. If it works, pressure shifts to DTCC, brokers, and tokenized equity venues to support T+0 workflows without pretending wrapped stocks are settled securities.
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