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Paxos Launches Settlement Platform for Equity Securities After SEC Relief

“Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities” writes Joeri Cant for cointelegraph.com. In an Oct. 28 press release, digital asset trust company Paxos stated that it is moving forward with the launch of its blockchain-based settlement platform, having received no-action relief from the U.S. Securities and Exchange Commission (SEC).The SEC letter indicated that the agency will not take any action against Paxos, which means the company can now proceed with the roll-out of its settlement platform. Kraken will roll out trading pairs between PAXG and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies such as the euro and the U.S. dollar.Just today, the San Francisco-based cryptocurrency exchange Kraken announced that it is listing PAXG. The users of the exchange will be able to deposit, withdraw and trade the asset starting Oct. 29.
 
Source: cointelegraph.com



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