One word doing all the work

Written By James Davies

“Approved to clear US stocks.” “Receives clearing agency registration.” “First blockchain-native firm to clear and settle.” Four headlines, three different functions, one word doing all the work.

This week’s Clearing Gap reads the Paxos PSSC order and works through what the word “clearing” actually means in capital markets and in payments.

This first appeared on LinkedIn on 4 June 2026. If you want to comment or discuss, that’s the place.

James Davies
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