#blockchain-native

➤ The SEC has granted a temporary registration to a 'blockchain-native' firm to operate as a clearing agency, marking a significant step for tokenized securities. ➤ The firm will use distributed ledger technology for clearing and settlement, with the temporary registration valid for up to 18 months. ➤ This move is part of broader efforts to explore how tokenized securities can enhance efficiency and investor protection through technological advancements.

➤ The SEC has approved Paxos Securities Settlement Co. (PSSC), a subsidiary of Paxos, as the first blockchain-native clearing agency in the U.S. ➤ PSSC will provide clearing and settlement services as a central securities depository, leveraging blockchain technology for efficiency and cost reduction. ➤ This approval marks a significant convergence of blockchain technology and traditional capital markets, building on years of work and successful pilot programs.

➤ Figure Technology Solutions reported preliminary May 2026 operating data, showing a 5% month-over-month increase in consumer loan marketplace volume to $1.4 billion and a 135% year-over-year increase. ➤ The company noted growth in $YLDS stablecoins in circulation, borrower demand, and lender supply, highlighting activity on its Figure Connect and Democratized Prime platforms. ➤ Despite growth metrics and AAA ratings on securitizations, the company continues to report losses, and the preliminary data is subject to change, indicating ongoing financial and market uncertainties.

➤ Paxos Securities Settlement Company (PSSC) has become the first blockchain-native clearing agency approved by the SEC after a seven-year engagement. ➤ This approval allows PSSC to move from a pilot program to a formally recognized entity, offering clearing and settlement services with a goal of same-day settlement. ➤ The development signifies structural adoption of blockchain technology within traditional financial markets, reducing counterparty risk and capital lock-up.

➤ Bullish's acquisition of Equiniti for $4.2 billion aims to establish a direct blockchain-native securities issuance infrastructure, moving beyond synthetic tokenized products. ➤ Key challenges remain for tokenized equities, including custody by traditional asset managers, float and market cap calculations for index inclusion, and price discovery ambiguities. ➤ The primary efficiency gain from tokenized settlement is seen in collateral mobility, compressing settlement times from T+1/T+2 to near real-time.

➤ Figure Technology Solutions (FIGR) will announce its Q1 2026 financial results after market close on May 11, 2026, followed by an investor conference call on May 12, 2026. ➤ The announcement is a logistical update, similar to previous earnings date notices, and historically has led to modest stock price movements. ➤ Investors will be looking to the upcoming Q1 report for details on marketplace growth, profitability, and strategic priorities, with the company highlighting its role in tokenized assets and blockchain-native solutions.

➤ Figure Technology Solutions will announce its Q1 2026 financial results on May 11, 2026, with a conference call scheduled for May 12. ➤ The company is a leader in tokenizing real-world assets, particularly home equity products, and has originated over $24 billion. ➤ The article also details recent insider trading activity, revenue growth, hedge fund movements, and analyst ratings for the company's stock ($FIGR).