[74075] Financial Milestone: The SEC has approved Paxos to clear securities on the blockchain

History on Wall Street: Paxos has received regulatory approval for securities clearing

In a significant move for the crypto and traditional finance market, the U.S. Securities and Exchange Commission (SEC) has granted official approval to the blockchain company Paxos to operate as an authorized entity for the clearing and settlement of securities transactions.

According to reports, this is the first company to receive such approval, which allows it to use dedicated blockchain technology at the heart of the institutional financial system. The channel Coingraph | News notes that the approval granted to Paxos constitutes a "significant breakthrough" for the integration of the technology into traditional financial markets.

The news has gained widespread resonance on social networks and among financial communities. According to the Watcher Guru channel, this is a strategic change that places Paxos at the forefront of institutional adoption of digital assets. At the same time, other media outlets dealing with trading, including Futures Trading & Crypto, Bitcoin | Finance | Crypto, and Stocks, Shares, Trading & Crypto, confirmed that the company has been officially authorized by the SEC to handle complex clearing processes.

This move marks a growing trend of regulatory recognition of blockchain-based solutions for financial services, and may lead to higher efficiency in the transfer of securities and in the reduction of operational costs in global markets.