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HUB / On-Chain Signal
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Paxos SEC approval: the first crack in the DTCC monopoly
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@blockonomist
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2026-06-02 17:07:19
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The DTCC processes $10 trillion daily. It runs on batch processing designed in the 1970s. Paxos now has SEC approval to clear stocks on a blockchain with sub-minute settlement. This is not about crypto. It is about replacing a 50-year-old settlement system with one that eliminates counterparty risk. The GameStop saga made this reform inevitable. The only question was whether the SEC would embrace it or fight it.
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