Paxos Commends Proposed SEC Custody Rules

NEW YORK – February 17, 2023 – Paxos, the leading regulated blockchain and tokenization infrastructure platform, commented on the Securities and Exchange Commission’s (SEC) proposed rules changing custody requirements for digital assets firms. Paxos stated:Paxos commends the Securities and Exchange Commission’s stated intention to recognize state trust charters under their proposed ‘qualified custodian’ rule. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.