SEC Chairman Paul Atkins Highlights Move Toward T+0 On-Chain Settlement

In a public statement, U.S. SEC (Securities and Exchange Commission) Chairman Paul Atkins indicated that financial markets are approaching instant, blockchain-based trade clearance and settlement systems.

Summary

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Terms & Concepts
  • T+0 Settlement: A trade settlement model where transactions are completed instantly on the same day they are executed.
  • On-chain Settlement: The process of recording and finalizing transactions directly on a blockchain network for transparency and speed.
  • SEC (Securities and Exchange Commission): The U.S. market regulator overseeing securities markets and protecting investors.