Charles Cascarilla

Paxos Receives “No-Action” Letter from SEC to Settle Blockchain-based Equities

Paxos is planning to streamline equities settlement by using a regulatory compliant blockchain-based process. The Paxos Trust Company received a no-action relief letter from the US Securities and Exchange Commission (SEC) on October 28, in order to conduct equity securities trading on a blockchain-enabled platform designed specifically for broker-dealers.  Paxos’s management revealed that Credit Suisse...
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Bitcoin (BTC) $ 88,712.77 1.58%
Ethereum (ETH) $ 1,633.13 0.23%
Tether (USDT) $ 1.00 0.00%
XRP (XRP) $ 2.10 0.97%
BNB (BNB) $ 605.99 0.59%
Solana (SOL) $ 140.44 0.89%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.16449 1.52%
TRON (TRX) $ 0.244081 0.58%
Cardano (ADA) $ 0.639548 0.38%