• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Join Lightchain AI
No Result
View All Result
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Historic $109,500 Bitcoin High: Here’s What Analysts Predict Next
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Historic $109,500 Bitcoin High: Here’s What Analysts Predict Next
blockchain stock market revolution

After NASDAQ, will Blockchain Drive the Next Stock Market Revolution?

Anatol Antonovici
by Anatol Antonovici
6 years ago
·
Posted in Blockchain, News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Paxos, which operates a cryptocurrency exchange and several stablecoins, obtained the nod of the US Securities and Exchange Commission (SEC) to run a pilot project that will leverage blockchain for the stock market, according to a statement released last week.


Settling Stocks with Blockchain

Last week, Paxos obtained the no-action relief letter from the SEC. It confirms that the regulator doesn’t mind the startup’s blockchain trial.

Paxos intends to build a blockchain-based infrastructure to settle and clear stock trades more rapidly and cheaper. The pilot project will operate with stocks like AT&T, General Motors, and a few other company shares.

While there is no guarantee that the project will succeed, blockchain could transform the US stock market by cutting costs for both banks and investors. This would be the next major breakthrough for the US stock market after the NASDAQ came out in 1971.

Paxos’ blockchain project is aimed at stock clearing and settlement processes. The settlement is the process of stock delivery from sellers to buyers. Elsewhere, clearing refers to the stock operations from when the trade is agreed to the settlement. As of today, settling stocks trades requires two business days, and Paxos hopes to reduce this time by settling trades at the end of the day.

Paxos Raises as Direct Competitor to DTCC

For the last three decades, the Depository Trust & Clearing Corp (DTCC), owned by a consortium, has been the only major organization to handle the majority of clearing and settlements of US stock trades. In 2018, it cleared about $1.3 trillion of equities trades per day on average, and now it faces competition from Paxos.

The blockchain startup has already obtained the endorsement of several major banks, including Credit Suisse Group and Société Générale.

Paxos Chief Executive Charles Cascarilla told the Wall Street Journal (WSJ):

“There has been so much innovation in the way trading happens over the past 20 years, with people trading in microseconds, but there hasn’t really been innovation in clearing or settlement.”

Nevertheless, DTCC admitted it welcomes the competition. The organization’s head of equities clearing and settlement unit Michael McClain said that blockchain is helpful for the industry.

The WSJ visualized how Paxos’ settlement system will work:

If the trial succeeds, the US stock market might adopt blockchain and follow in the footsteps of Australia’s securities exchange. The ASX is replacing its clearing and settlement system (CHESS) with a blockchain platform created by Digital Asset.

Do you think Paxos will succeed with its project and will push blockchain to the US stock market? Share your expectations in the comments section!


Images via Shutterstock, Wall Street Journal

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anatol Antonovici

Anatol Antonovici

Follow

Full Profile

Related Posts

Maldives

Tropical Blockchain Boom: Maldives Unveils $9 Billion Crypto Investment Haven

2 weeks ago
Paul Atkins

Paul Atkins Sworn In As New SEC Chair, Vows New Approach To Crypto

4 weeks ago
Blockchain in the Ballot Box? NY Assembly Considers Tech to Fight Election Fraud

Blockchain in the Ballot Box? NY Assembly Considers Tech to Fight Election Fraud

1 month ago
Why Choosing the Best Crypto Marketing Agency in 2025 Is Non-Negotiable

Why Choosing the Best Crypto Marketing Agency in 2025 Is Non-Negotiable

1 month ago
crypto

Crypto Gets An Upgrade? Japan To Label It As A Financial Product

2 months ago
Pro-Bitcoin Leaders Unite? Trump Invites Bukele To The White House

Pro-Bitcoin Leaders Unite? Trump Invites Bukele To The White House

2 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • HashFly

    Which Cloud Mining Is Legit? Discover Why Millions Trust...

    53 minutes ago
  • Solaxy

    Новите функции на Solaxy я...

    2 hours ago
  • ...

    3 hours ago
  • XRP, DOGE Price Prediction: How to Make $8,700 a Day with...

    12 hours ago
  • Embracing the next bull market: Why are Bitcoin investors...

    12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Join Lightchain AI

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.