{"id":102776,"date":"2026-05-29T09:20:43","date_gmt":"2026-05-29T14:20:43","guid":{"rendered":"https:\/\/www.turkishnyradio.com\/?p=102776"},"modified":"2026-05-29T03:07:03","modified_gmt":"2026-05-29T08:07:03","slug":"paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi","status":"publish","type":"post","link":"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/","title":{"rendered":"Paxos\u2019un SEC Onay\u0131n\u0131n Ard\u0131ndan Blok Zinciri \u00d6demeleri B\u00fcy\u00fck Bir \u0130vme Kazand\u0131"},"content":{"rendered":"<p>Y\u0131llard\u0131r blockchain teknolojisi, finansal piyasalar\u0131 d\u00f6n\u00fc\u015ft\u00fcrebilecek bir ara\u00e7 olarak tan\u0131t\u0131l\u0131yor. Destek\u00e7ileri, da\u011f\u0131t\u0131k defter teknolojisinin i\u015flemleri daha h\u0131zl\u0131, daha ucuz ve daha \u015feffaf hale getirebilece\u011fini savunurken, ele\u015ftirmenler bu teknolojinin geleneksel finans\u0131n kat\u0131 d\u00fczenleyici \u00e7er\u00e7evesine uyum sa\u011flay\u0131p sa\u011flayamayaca\u011f\u0131n\u0131 sorguluyordu. Sonu\u00e7 olarak tart\u0131\u015fmalar\u0131n b\u00fcy\u00fck b\u00f6l\u00fcm\u00fc, arka planda \u00e7al\u0131\u015fan finansal altyap\u0131 yerine kripto paralar, token fiyatlar\u0131 ve spek\u00fclatif i\u015flemler etraf\u0131nda \u015fekillendi.<\/p>\n<p>Ancak bu durum art\u0131k de\u011fi\u015fiyor olabilir. Blockchain altyap\u0131 \u015firketi ve stablecoin ihra\u00e7\u00e7\u0131s\u0131 Paxos, i\u015ftiraki Paxos Securities Settlement Company&#8217;nin (PSSC), ABD Menkul K\u0131ymetler ve Borsa Komisyonu&#8217;ndan (SEC) kay\u0131tl\u0131 bir takas kurulu\u015fu olarak faaliyet g\u00f6stermek i\u00e7in onay ald\u0131\u011f\u0131n\u0131 duyurdu.<\/p>\n<p>\u015eirkete g\u00f6re PSSC, Amerika Birle\u015fik Devletleri&#8217;nde Merkezi Menkul K\u0131ymet Saklama Kurulu\u015fu (Central Securities Depository &#8211; CSD) olarak takas ve mutabakat hizmetleri sunma yetkisine sahip ilk ve tek blockchain tabanl\u0131 \u015firket konumunda.<\/p>\n<p>Bu geli\u015fme, yaln\u0131zca bir \u015firket i\u00e7in d\u00fczenleyici bir ba\u015far\u0131dan \u00e7ok daha fazlas\u0131n\u0131 ifade ediyor. Paxos&#8217;un SEC onay\u0131, blockchain tabanl\u0131 mutabakat sistemlerini finansal piyasa altyap\u0131s\u0131n\u0131n en \u00f6nemli katmanlar\u0131ndan birine ta\u015f\u0131yor ve tokenla\u015ft\u0131r\u0131lm\u0131\u015f menkul k\u0131ymetler, ger\u00e7ek d\u00fcnya varl\u0131klar\u0131 ve kurumsal blockchain benimsenmesi i\u00e7in yeni bir temel olu\u015fturabilir.<\/p>\n<p>Finans \u00f6\u011frencileri, kripto merakl\u0131lar\u0131, blockchain geli\u015ftiricileri ve piyasa analistleri a\u00e7\u0131s\u0131ndan bu karar, blockchain teknolojisinin deneysel a\u015famay\u0131 geride b\u0131rakarak d\u00fczenlenmi\u015f finansal piyasalar\u0131n bir par\u00e7as\u0131 haline geldi\u011fini g\u00f6steriyor.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u0130\u00e7indekiler Tablosu<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u0130\u00e7indekiler Tablosunu A\u00e7\/Kapat\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Paxosun_SEC_Onayi_Neden_Cogu_Kripto_Basligindan_Daha_Onemli\" >Paxos&#8217;un SEC Onay\u0131 Neden \u00c7o\u011fu Kripto Ba\u015fl\u0131\u011f\u0131ndan Daha \u00d6nemli?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Bircok_Okuyucunun_Gozden_Kacirabilecegi_Kritik_Detay\" >Bir\u00e7ok Okuyucunun G\u00f6zden Ka\u00e7\u0131rabilece\u011fi Kritik Detay<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Takas_Kuruluslarinin_Her_Islemdeki_Gizli_Rolu\" >Takas Kurulu\u015flar\u0131n\u0131n Her \u0130\u015flemdeki Gizli Rol\u00fc<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Merkezi_Menkul_Kiymet_Saklama_Kurulusu_CSD_Rolu_Neden_Bu_Kadar_Onemli\" >Merkezi Menkul K\u0131ymet Saklama Kurulu\u015fu (CSD) Rol\u00fc Neden Bu Kadar \u00d6nemli?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Duzenleyici_Guvenin_Olustugu_Yedi_Yillik_Yolculuk\" >D\u00fczenleyici G\u00fcvenin Olu\u015ftu\u011fu Yedi Y\u0131ll\u0131k Yolculuk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Pilot_Program_Blockchain_Mutabakatinin_Ise_Yaradigina_Dair_Kanit_Sundi\" >Pilot Program Blockchain Mutabakat\u0131n\u0131n \u0130\u015fe Yarad\u0131\u011f\u0131na Dair Kan\u0131t Sund\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Ayni_Gun_Mutabakat_Finansal_Piyasalari_Nasil_Donusturebilir\" >Ayn\u0131 G\u00fcn Mutabakat Finansal Piyasalar\u0131 Nas\u0131l D\u00f6n\u00fc\u015ft\u00fcrebilir?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Wall_Street_ve_Blockchain_Birbirine_Yaklasiyor\" >Wall Street ve Blockchain Birbirine Yakla\u015f\u0131yor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Bankalar_ve_Araci_Kurumlar_Icin_Engelleri_Azaltiyor\" >Bankalar ve Arac\u0131 Kurumlar \u0130\u00e7in Engelleri Azalt\u0131yor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Stablecoinler_Paxosun_Konumunu_Nasil_Guclendiriyor\" >Stablecoinler Paxos&#8217;un Konumunu Nas\u0131l G\u00fc\u00e7lendiriyor?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Duzenleyici_Sorunlardan_Duzenleyici_Taninmaya\" >D\u00fczenleyici Sorunlardan D\u00fczenleyici Tan\u0131nmaya<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Daha_Buyuk_Firsat_Tokenlastirilmis_Menkul_Kiymetler_ve_Gercek_Dunya_Varliklari\" >Daha B\u00fcy\u00fck F\u0131rsat: Tokenla\u015ft\u0131r\u0131lm\u0131\u015f Menkul K\u0131ymetler ve Ger\u00e7ek D\u00fcnya Varl\u0131klar\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Sonuc\" >Sonu\u00e7<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Sozluk\" >S\u00f6zl\u00fck<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Blockchain_Mutabakati_Hakkinda_Sikca_Sorulan_Sorular\" >Blockchain Mutabakat\u0131 Hakk\u0131nda S\u0131k\u00e7a Sorulan Sorular<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Paxosun_SEC_onayi_neden_tarihi_olarak_goruluyor\" >Paxos&#8217;un SEC onay\u0131 neden tarihi olarak g\u00f6r\u00fcl\u00fcyor?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Blockchain_mutabakati_nedir\" >Blockchain mutabakat\u0131 nedir?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Bu_onay_bankalara_ve_araci_kurumlara_nasil_yardimci_olur\" >Bu onay bankalara ve arac\u0131 kurumlara nas\u0131l yard\u0131mc\u0131 olur?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Tokenizasyon_finansal_piyasalar_icin_neden_onemlidir\" >Tokenizasyon finansal piyasalar i\u00e7in neden \u00f6nemlidir?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.turkishnyradio.com\/tr\/paxosun-sec-onayinin-ardindan-blok-zinciri-odemeleri-buyuk-bir-ivme-kazandi\/#Referanslar\" >Referanslar<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Paxosun_SEC_Onayi_Neden_Cogu_Kripto_Basligindan_Daha_Onemli\"><\/span>Paxos&#8217;un SEC Onay\u0131 Neden \u00c7o\u011fu Kripto Ba\u015fl\u0131\u011f\u0131ndan Daha \u00d6nemli?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Kripto para sekt\u00f6r\u00fcndeki bir\u00e7ok geli\u015fme, fiyatlar \u00fczerindeki etkileri nedeniyle ilgi g\u00f6r\u00fcyor. Ancak uzun vadede finansal sistemlerin nas\u0131l i\u015fleyece\u011fini belirleyen \u015fey genellikle spek\u00fclasyon de\u011fil, altyap\u0131d\u0131r.<\/p>\n<p>Paxos&#8217;un SEC onay\u0131 da bu kategoriye giriyor. D\u00fczenleyiciler yeni bir kripto \u00fcr\u00fcn\u00fcn\u00fc onaylamak yerine, menkul k\u0131ymet piyasalar\u0131nda kritik bir rol \u00fcstlenen blockchain tabanl\u0131 bir takas kurulu\u015funa onay verdi.<\/p>\n<p>Takas kurulu\u015flar\u0131 i\u015flemleri do\u011frular, mutabakat y\u00fck\u00fcml\u00fcl\u00fcklerini y\u00f6netir, riskleri azalt\u0131r ve varl\u0131klarla \u00f6demelerin al\u0131c\u0131lar ile sat\u0131c\u0131lar aras\u0131nda do\u011fru \u015fekilde aktar\u0131lmas\u0131n\u0131 sa\u011flar.<\/p>\n<p>Bu kurumlar olmadan modern finansal piyasalar\u0131n verimli bir \u015fekilde \u00e7al\u0131\u015fmas\u0131 m\u00fcmk\u00fcn olmazd\u0131.<\/p>\n<p>Paxos, bu onay\u0131 &#8220;finansal piyasa altyap\u0131s\u0131n\u0131n kritik bir par\u00e7as\u0131&#8221; olarak tan\u0131mlad\u0131. Bu ifade ger\u00e7e\u011fi yans\u0131t\u0131yor \u00e7\u00fcnk\u00fc takas sistemleri, \u00e7o\u011fu yat\u0131r\u0131mc\u0131n\u0131n fark\u0131nda olmad\u0131\u011f\u0131 \u015fekilde trilyonlarca dolarl\u0131k i\u015flemi destekliyor.<\/p>\n<p>Bu karar, blockchain mutabakat teknolojisinin Wall Street&#8217;in temel altyap\u0131s\u0131na dahil olmas\u0131n\u0131n \u00f6n\u00fcn\u00fc a\u00e7\u0131yor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bircok_Okuyucunun_Gozden_Kacirabilecegi_Kritik_Detay\"><\/span>Bir\u00e7ok Okuyucunun G\u00f6zden Ka\u00e7\u0131rabilece\u011fi Kritik Detay<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Duyurudaki en \u00f6nemli noktalardan biri, SEC onay\u0131n\u0131n do\u011frudan Paxos&#8217;a de\u011fil, Paxos Securities Settlement Company&#8217;ye (PSSC) verilmi\u015f olmas\u0131d\u0131r.<\/p>\n<p>Bu ayr\u0131m \u00f6nemlidir \u00e7\u00fcnk\u00fc Paxos; stablecoinler, dijital varl\u0131k altyap\u0131s\u0131 ve tokenla\u015ft\u0131r\u0131lm\u0131\u015f \u00fcr\u00fcnler dahil olmak \u00fczere \u00e7e\u015fitli i\u015f alanlar\u0131nda faaliyet g\u00f6stermektedir.<\/p>\n<p>PSSC ise \u00f6zellikle menkul k\u0131ymet takas\u0131 ve mutabakat i\u015flemleri i\u00e7in olu\u015fturulmu\u015f uzmanla\u015fm\u0131\u015f bir yap\u0131 olarak faaliyet g\u00f6stermektedir.<\/p>\n<p>D\u00fczenleyiciler PSSC&#8217;yi kay\u0131t alt\u0131na alarak, blockchain tabanl\u0131 bir altyap\u0131 sa\u011flay\u0131c\u0131s\u0131na geleneksel olarak k\u00f6kl\u00fc finans kurumlar\u0131n\u0131n y\u00fcr\u00fctt\u00fc\u011f\u00fc g\u00f6revleri yerine getirme yetkisi vermi\u015f oldu.<\/p>\n<p>Paxos&#8217;a g\u00f6re PSSC, ABD&#8217;de Merkezi Menkul K\u0131ymet Saklama Kurulu\u015fu olarak takas ve mutabakat hizmetleri sunma iznine sahip tek blockchain tabanl\u0131 \u015firkettir.<\/p>\n<p>Bu durum \u015firketi, geleneksel sermaye piyasalar\u0131 ile geli\u015fmekte olan blockchain teknolojisinin kesi\u015fim noktas\u0131na yerle\u015ftiriyor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Takas_Kuruluslarinin_Her_Islemdeki_Gizli_Rolu\"><\/span>Takas Kurulu\u015flar\u0131n\u0131n Her \u0130\u015flemdeki Gizli Rol\u00fc<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yat\u0131r\u0131mc\u0131lar\u0131n \u00e7o\u011fu yaln\u0131zca al\u0131m ve sat\u0131m i\u015flemlerine odaklan\u0131r. Ancak bir i\u015flem ger\u00e7ekle\u015ftirildikten sonra neler oldu\u011funa \u00e7ok az ki\u015fi dikkat eder.<\/p>\n<p>Her menkul k\u0131ymet i\u015fleminin arkas\u0131nda, al\u0131c\u0131lar\u0131n varl\u0131klar\u0131 ve sat\u0131c\u0131lar\u0131n \u00f6demeleri eksiksiz \u015fekilde almas\u0131n\u0131 sa\u011flayan kurumlar a\u011f\u0131 bulunur.<\/p>\n<p>Takas kurulu\u015flar\u0131; i\u015flemleri do\u011frular, taraflar\u0131 e\u015fle\u015ftirir, mutabakat y\u00fck\u00fcml\u00fcl\u00fcklerini y\u00f6netir ve operasyonel riskleri azalt\u0131r.<\/p>\n<p>Basit\u00e7e ifade etmek gerekirse, piyasalar\u0131n sorunsuz \u00e7al\u0131\u015fmas\u0131n\u0131 sa\u011flayan g\u00fcvenilir arac\u0131lar olarak g\u00f6rev yaparlar.<\/p>\n<p>Blockchain tabanl\u0131 mutabakat sistemlerinin bu s\u00fcrece dahil edilmesi, geleneksel i\u015flem sonras\u0131 sistemlerdeki karma\u015f\u0131kl\u0131\u011f\u0131 azaltarak verimlili\u011fi art\u0131rabilir.<\/p>\n<p>Birden fazla ayr\u0131 veritaban\u0131 ve uzla\u015ft\u0131rma s\u00fcreci yerine, blockchain teknolojisi yetkili kat\u0131l\u0131mc\u0131lar\u0131n s\u00fcrekli g\u00fcncellenen ortak bir kay\u0131t defteri \u00fczerinden \u00e7al\u0131\u015fmas\u0131na olanak tan\u0131r.<\/p>\n<p>Bir\u00e7ok finans kurulu\u015funun da\u011f\u0131t\u0131k defter teknolojisine ilgi g\u00f6stermesinin temel nedenlerinden biri de budur.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Merkezi_Menkul_Kiymet_Saklama_Kurulusu_CSD_Rolu_Neden_Bu_Kadar_Onemli\"><\/span>Merkezi Menkul K\u0131ymet Saklama Kurulu\u015fu (CSD) Rol\u00fc Neden Bu Kadar \u00d6nemli?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Paxos&#8217;un SEC onay\u0131ndaki en \u00f6nemli unsurlardan biri, PSSC&#8217;nin Merkezi Menkul K\u0131ymet Saklama Kurulu\u015fu olarak \u00fcstlenece\u011fi rold\u00fcr. Federal Register <a href=\"https:\/\/www.federalregister.gov\/documents\/2025\/08\/06\/2025-14859\/paxos-securities-settlement-company-llc-notice-of-filing-of-an-application-for-registration-as-a?\" rel=\"nofollow noopener\" target=\"_blank\">ba\u015fvurusunda<\/a> PSSC, ABD menkul k\u0131ymet d\u00fczenlemelerine tam uyum sa\u011flayarak blockchain tabanl\u0131 altyap\u0131 \u00fczerinden takas ve mutabakat hizmetleri sunmay\u0131 planlad\u0131\u011f\u0131n\u0131 a\u00e7\u0131klad\u0131.<\/p>\n<p>Bir CSD, menkul k\u0131ymetlerin resmi sahiplik kay\u0131tlar\u0131n\u0131 tutar ve piyasa kat\u0131l\u0131mc\u0131lar\u0131 aras\u0131ndaki transferleri kolayla\u015ft\u0131r\u0131r.<\/p>\n<p>Fiziksel sertifikalar\u0131n el de\u011fi\u015ftirdi\u011fi d\u00f6nemlerin aksine, g\u00fcn\u00fcm\u00fczde sahiplik kay\u0131tlar\u0131 elektronik ortamda tutulmaktad\u0131r.<\/p>\n<p>Menkul k\u0131ymetler her el de\u011fi\u015ftirdi\u011finde, CSD sahiplik kay\u0131tlar\u0131n\u0131 g\u00fcnceller ve i\u015flemlerin do\u011fru \u015fekilde sonu\u00e7lanmas\u0131n\u0131 sa\u011flar.<\/p>\n<p>Geleneksel sistemlerde bir\u00e7ok taraf ayr\u0131 kay\u0131tlar tuttu\u011fu i\u00e7in idari karma\u015f\u0131kl\u0131k ve uzla\u015ft\u0131rma sorunlar\u0131 ortaya \u00e7\u0131kabilir.<\/p>\n<p>Blockchain mutabakat\u0131 ise payla\u015f\u0131lan bir defter sayesinde t\u00fcm taraflar\u0131n senkronize sahiplik kay\u0131tlar\u0131na eri\u015fmesini sa\u011flayarak daha verimli bir yap\u0131 sunar.<\/p>\n<p>Bir\u00e7ok blockchain geli\u015ftiricisi bunu, ger\u00e7ek bir piyasa sorununu \u00e7\u00f6zmesi nedeniyle teknolojinin en g\u00fc\u00e7l\u00fc kullan\u0131m alanlar\u0131ndan biri olarak g\u00f6rmektedir.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Duzenleyici_Guvenin_Olustugu_Yedi_Yillik_Yolculuk\"><\/span>D\u00fczenleyici G\u00fcvenin Olu\u015ftu\u011fu Yedi Y\u0131ll\u0131k Yolculuk<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bu onay bir gecede al\u0131nmad\u0131. Paxos&#8217;a g\u00f6re s\u00fcre\u00e7; d\u00fczenleyicilerle y\u00fcr\u00fct\u00fclen yedi y\u0131ll\u0131k i\u015f birli\u011fi, test \u00e7al\u0131\u015fmalar\u0131 ve uyum faaliyetlerinin sonucudur.<\/p>\n<p>Yolculuk, SEC&#8217;in Ekim 2019&#8217;da Paxos&#8217;a ABD hisse senetleri i\u00e7in blockchain tabanl\u0131 bir mutabakat hizmeti denemesi yapmas\u0131na izin veren No-Action Letter yay\u0131mlamas\u0131yla ba\u015flad\u0131.<\/p>\n<p>Pilot program \u015eubat 2020&#8217;de hayata ge\u00e7irildi ve blockchain tabanl\u0131 mutabakat\u0131n d\u00fczenlenmi\u015f bir ortamda test edilmesini sa\u011flad\u0131.<\/p>\n<p>Sonraki y\u0131llarda Paxos, d\u00fcnyan\u0131n en b\u00fcy\u00fck ve en geli\u015fmi\u015f finans kurulu\u015flar\u0131ndan baz\u0131lar\u0131yla \u00e7al\u0131\u015f\u0131rken d\u00fczenleyiciler de sistem performans\u0131n\u0131, uyum s\u00fcre\u00e7lerini ve operasyonel g\u00fcvenlik \u00f6nlemlerini yak\u0131ndan izledi.<\/p>\n<p>Paxos&#8217;un kurucu orta\u011f\u0131 ve CEO&#8217;su Charles Cascarilla bu s\u00fcrecin <a href=\"https:\/\/www.paxos.com\/newsroom\/sec-registers-paxos-securities-settlement-company-as-a-clearing-agency?\" rel=\"nofollow noopener\" target=\"_blank\">\u00f6nemini<\/a> \u015fu s\u00f6zlerle vurgulad\u0131:<\/p>\n<blockquote><p>&#8220;Clearing agency kayd\u0131m\u0131z, SEC ile y\u00fcr\u00fctt\u00fc\u011f\u00fcm\u00fcz yedi y\u0131ll\u0131k \u00e7al\u0131\u015fman\u0131n sonucudur. Bu s\u00fcre\u00e7 2019&#8217;daki No-Action Letter ile ba\u015flad\u0131 ve d\u00fcnyan\u0131n en b\u00fcy\u00fck finans kurulu\u015flar\u0131ndan baz\u0131lar\u0131yla y\u00fcr\u00fctt\u00fc\u011f\u00fcm\u00fcz mutabakat pilotu ile devam etti.&#8221;<\/p><\/blockquote>\n<p>Bu a\u00e7\u0131klama \u00f6nemli bir ger\u00e7e\u011fin alt\u0131n\u0131 \u00e7iziyor: D\u00fczenleyici g\u00fcven, ani yeniliklerle de\u011fil uzun vadeli i\u015f birli\u011fiyle kazan\u0131l\u0131r.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pilot_Program_Blockchain_Mutabakatinin_Ise_Yaradigina_Dair_Kanit_Sundi\"><\/span>Pilot Program Blockchain Mutabakat\u0131n\u0131n \u0130\u015fe Yarad\u0131\u011f\u0131na Dair Kan\u0131t Sund\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Y\u0131llar boyunca blockchain savunucular\u0131, da\u011f\u0131t\u0131k defter teknolojisinin i\u015flem sonras\u0131 s\u00fcre\u00e7leri iyile\u015ftirebilece\u011fini savundu.<\/p>\n<p>Ancak d\u00fczenleyiciler vaatlerden \u00e7ok somut kan\u0131tlarla ilgilenir. Paxos&#8217;a g\u00f6re pilot program, blockchain tabanl\u0131 i\u015flem sonras\u0131 altyap\u0131n\u0131n tam d\u00fczenleyici uyum i\u00e7erisinde ayn\u0131 g\u00fcn mutabakat sa\u011flayabildi\u011fini, maliyetleri d\u00fc\u015f\u00fcrd\u00fc\u011f\u00fcn\u00fc ve operasyonel verimlili\u011fi art\u0131rd\u0131\u011f\u0131n\u0131 g\u00f6sterdi.<\/p>\n<p>Bu sonu\u00e7lar, \u015firketin SEC nezdinde tam kay\u0131t alma s\u00fcrecini destekleyen \u00f6nemli unsurlar aras\u0131nda yer ald\u0131. Pilot uygulama, blockchain mutabakat\u0131n\u0131n yaln\u0131zca teorik bir fikir olmad\u0131\u011f\u0131n\u0131, ger\u00e7ek finansal piyasalarda \u00e7al\u0131\u015fabildi\u011fini ortaya koydu.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ayni_Gun_Mutabakat_Finansal_Piyasalari_Nasil_Donusturebilir\"><\/span>Ayn\u0131 G\u00fcn Mutabakat Finansal Piyasalar\u0131 Nas\u0131l D\u00f6n\u00fc\u015ft\u00fcrebilir?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutabakat h\u0131z\u0131 teknik bir konu gibi g\u00f6r\u00fcnse de finansal piyasalar a\u00e7\u0131s\u0131ndan olduk\u00e7a \u00f6nemlidir. Tarihsel olarak menkul k\u0131ymet i\u015flemleri, i\u015flem ger\u00e7ekle\u015ftikten sonra belirli bir s\u00fcre sonra sonu\u00e7lan\u0131yordu. ABD yak\u0131n zamanda T+1 sistemine ge\u00e7mi\u015f olsa da, yani i\u015flemler bir i\u015f g\u00fcn\u00fc sonra tamamlan\u0131yor olsa da, gecikmeler h\u00e2l\u00e2 maliyet ve risk yarat\u0131yor.<\/p>\n<p>Blockchain mutabakat\u0131 ise ayn\u0131 g\u00fcn i\u00e7erisinde sonu\u00e7lanma potansiyeli sunuyor. \u0130\u015flemler daha h\u0131zl\u0131 tamamland\u0131\u011f\u0131nda finans kurulu\u015flar\u0131n\u0131n kar\u015f\u0131 taraf riski azal\u0131yor \u00e7\u00fcnk\u00fc i\u015flem ile nihai mutabakat aras\u0131ndaki s\u00fcre k\u0131sal\u0131yor.<\/p>\n<p>Ayr\u0131ca sermaye daha h\u0131zl\u0131 serbest kal\u0131yor, bu da <a href=\"https:\/\/www.bis.org\/cpmi\/about\/overview.htm?\" rel=\"nofollow noopener\" target=\"_blank\">likiditeyi<\/a> ve operasyonel verimlili\u011fi art\u0131r\u0131yor. Uluslararas\u0131 \u00d6demeler Bankas\u0131 (BIS) taraf\u0131ndan yay\u0131mlanan ara\u015ft\u0131rmalar da daha verimli mutabakat sistemlerinin \u00f6nemli faydalar sa\u011flayabilece\u011fini uzun s\u00fcredir vurguluyor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wall_Street_ve_Blockchain_Birbirine_Yaklasiyor\"><\/span>Wall Street ve Blockchain Birbirine Yakla\u015f\u0131yor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bu onay, geleneksel finans kurulu\u015flar\u0131n\u0131n dijital varl\u0131k altyap\u0131s\u0131na her zamankinden daha fazla ilgi g\u00f6sterdi\u011fi bir d\u00f6nemde geldi.<\/p>\n<p>Bankalar, saklama kurulu\u015flar\u0131, \u00f6deme \u015firketleri ve varl\u0131k y\u00f6neticileri; tokenla\u015ft\u0131r\u0131lm\u0131\u015f menkul k\u0131ymetlerden dijital varl\u0131k saklama \u00e7\u00f6z\u00fcmlerine kadar bir\u00e7ok alanda blockchain teknolojisini de\u011ferlendiriyor.<\/p>\n<p>Blockchain ile geleneksel sermaye piyasalar\u0131n\u0131n birle\u015fmesi art\u0131k uzak bir ihtimal olarak g\u00f6r\u00fclm\u00fcyor. Aksine, bir\u00e7ok kurum i\u00e7in stratejik bir \u00f6ncelik haline gelmi\u015f durumda. Paxos&#8217;un SEC onay\u0131 da bu d\u00f6n\u00fc\u015f\u00fcm\u00fcn \u00f6nemli bir g\u00f6stergesi olarak de\u011ferlendiriliyor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bankalar_ve_Araci_Kurumlar_Icin_Engelleri_Azaltiyor\"><\/span>Bankalar ve Arac\u0131 Kurumlar \u0130\u00e7in Engelleri Azalt\u0131yor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Onay\u0131n en \u00f6nemli etkilerinden biri kurumsal benimsenme \u00fczerinde g\u00f6r\u00fclebilir. Bankalar ve arac\u0131 kurumlar, d\u00fczenleyici netlikten yoksun teknolojilere dayal\u0131 kritik sistemler kurmaktan genellikle ka\u00e7\u0131n\u0131r.<\/p>\n<p>Blockchain \u00e7\u00f6z\u00fcmleri teknik avantajlar sunsa bile, kurumlar d\u00fczenlenmi\u015f ve g\u00fcvenilir altyap\u0131 sa\u011flay\u0131c\u0131lar\u0131na ihtiya\u00e7 duyar. SEC taraf\u0131ndan onaylanm\u0131\u015f blockchain tabanl\u0131 bir takas kurulu\u015fu, bu sorunun \u00e7\u00f6z\u00fcm\u00fcne katk\u0131 sa\u011flayabilir.<\/p>\n<p>Bu durum sekt\u00f6r genelinde an\u0131nda benimsenmeyi garanti etmese de, kurumsal kat\u0131l\u0131m\u0131n \u00f6n\u00fcndeki en b\u00fcy\u00fck engellerden birini \u00f6nemli \u00f6l\u00e7\u00fcde azaltmaktad\u0131r.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stablecoinler_Paxosun_Konumunu_Nasil_Guclendiriyor\"><\/span>Stablecoinler Paxos&#8217;un Konumunu Nas\u0131l G\u00fc\u00e7lendiriyor?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bu onay\u0131n \u00f6nemi, Paxos&#8217;un daha geni\u015f ekosistemi i\u00e7inde de\u011ferlendirildi\u011finde daha da art\u0131yor. \u015eirket h\u00e2lihaz\u0131rda PayPal USD (PYUSD), Global Dollar (USDG), Pax Gold (PAXG) ve Pax Dollar (USDP) gibi \u00f6nemli dijital varl\u0131klar\u0131 ihra\u00e7 ediyor.<\/p>\n<p>Stablecoinler dijital piyasalarda giderek daha fazla mutabakat arac\u0131 olarak kullan\u0131l\u0131yor. Tokenla\u015ft\u0131r\u0131lm\u0131\u015f varl\u0131klar, blockchain a\u011flar\u0131 \u00fczerinde sahipli\u011fi temsil ediyor. Takas altyap\u0131s\u0131 ise bu varl\u0131klar\u0131n transferini ve mutabakat\u0131n\u0131 destekliyor.<\/p>\n<p>Bu \u00fc\u00e7 alan\u0131n tamam\u0131nda faaliyet g\u00f6steren \u015firket say\u0131s\u0131 olduk\u00e7a s\u0131n\u0131rl\u0131 oldu\u011fundan Paxos, kurumsal blockchain benimsenmesinin artmas\u0131yla birlikte g\u00fc\u00e7l\u00fc bir konuma sahip bulunuyor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Duzenleyici_Sorunlardan_Duzenleyici_Taninmaya\"><\/span>D\u00fczenleyici Sorunlardan D\u00fczenleyici Tan\u0131nmaya<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bu onay, Paxos&#8217;un d\u00fczenleyicilerle ya\u015fad\u0131\u011f\u0131 ge\u00e7mi\u015f s\u00fcre\u00e7ler d\u00fc\u015f\u00fcn\u00fcld\u00fc\u011f\u00fcnde daha da dikkat \u00e7ekici hale geliyor. 2023 y\u0131l\u0131nda SEC, Binance USD (BUSD) hakk\u0131nda bir Wells Notice yay\u0131mlam\u0131\u015ft\u0131. Ayn\u0131 d\u00f6nemde New York Finansal Hizmetler Departman\u0131 (NYDFS), Paxos&#8217;a yeni BUSD bas\u0131m\u0131n\u0131 durdurma talimat\u0131 vermi\u015fti.<\/p>\n<p>Bu geli\u015fmeler \u015firketin gelece\u011fi konusunda belirsizlik yaratm\u0131\u015ft\u0131. Ancak SEC, 2024 y\u0131l\u0131nda soru\u015fturmay\u0131 kapatt\u0131 ve herhangi bir yapt\u0131r\u0131m uygulamamaya karar verdi. Paxos ise 2025 y\u0131l\u0131nda Binance ve BUSD ile ilgili uyumluluk konular\u0131nda NYDFS ile 48,5 milyon dolarl\u0131k bir uzla\u015fmaya vard\u0131.<\/p>\n<p>\u015eirketin t\u00fcm bu s\u00fcre\u00e7lerden sonra clearing agency kayd\u0131 alabilmesi, d\u00fczenleyici ili\u015fkilerin uyum ve i\u015f birli\u011fi yoluyla nas\u0131l geli\u015febilece\u011fini g\u00f6steriyor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Daha_Buyuk_Firsat_Tokenlastirilmis_Menkul_Kiymetler_ve_Gercek_Dunya_Varliklari\"><\/span>Daha B\u00fcy\u00fck F\u0131rsat: Tokenla\u015ft\u0131r\u0131lm\u0131\u015f Menkul K\u0131ymetler ve Ger\u00e7ek D\u00fcnya Varl\u0131klar\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Paxos&#8217;un SEC onay\u0131n\u0131n uzun vadeli etkileri, yaln\u0131zca mutabakat altyap\u0131s\u0131yla s\u0131n\u0131rl\u0131 kalmayabilir. Finans kurulu\u015flar\u0131 tokenizasyonu, blockchain teknolojisinin en umut verici kullan\u0131m alanlar\u0131ndan biri olarak g\u00f6r\u00fcyor.<\/p>\n<p>Tokenla\u015ft\u0131r\u0131lm\u0131\u015f hisse senetleri, tahviller, emtialar ve di\u011fer ger\u00e7ek d\u00fcnya varl\u0131klar\u0131, d\u00fcnya genelinde giderek daha fazla ilgi \u00e7ekiyor. Ancak tokenizasyon yaln\u0131zca dijital tokenlerden ibaret de\u011fildir.<\/p>\n<p>Piyasalar\u0131n sahiplik kay\u0131tlar\u0131na, mutabakat sistemlerine, d\u00fczenleyici denetime ve g\u00fcvenilir altyap\u0131ya ihtiyac\u0131 vard\u0131r. PSSC&#8217;nin art\u0131k SEC onayl\u0131 bir clearing agency ve Merkezi Menkul K\u0131ymet Saklama Kurulu\u015fu olarak faaliyet g\u00f6stermesi, kurumlara mevcut menkul k\u0131ymet d\u00fczenlemelerine uyumlu \u015fekilde tokenla\u015ft\u0131r\u0131lm\u0131\u015f hisse senetleri, tahviller ve di\u011fer varl\u0131klar\u0131 deneme f\u0131rsat\u0131 sunabilir.<\/p>\n<p>Bir\u00e7ok analist bu geli\u015fmeyi, blockchain teknolojisinin ana ak\u0131m finansal piyasalara entegrasyonu yolunda \u00f6nemli bir ad\u0131m olarak g\u00f6r\u00fcyor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sonuc\"><\/span>Sonu\u00e7<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SEC&#8217;in Paxos Securities Settlement Company&#8217;ye verdi\u011fi onay, yaln\u0131zca kurumsal bir ba\u015far\u0131dan ibaret de\u011fildir. Bu karar, blockchain tabanl\u0131 mutabakat sistemlerinin ve d\u00fczenlenmi\u015f finansal altyap\u0131n\u0131n geli\u015fiminde \u00f6nemli bir d\u00f6n\u00fcm noktas\u0131n\u0131 temsil etmektedir.<\/p>\n<p>Y\u0131llar s\u00fcren test \u00e7al\u0131\u015fmalar\u0131n\u0131 do\u011frulayan bu geli\u015fme, blockchain tabanl\u0131 mutabakat sistemlerinin pratik de\u011ferini ortaya koyarken, kurumlara tokenla\u015ft\u0131r\u0131lm\u0131\u015f varl\u0131klar ve dijital menkul k\u0131ymetleri ke\u015ffetmeleri i\u00e7in uyumlu bir \u00e7er\u00e7eve sunmaktad\u0131r.<\/p>\n<p>Her ne kadar zorluklar devam etse ve benimsenme s\u00fcreci zaman alsa da, y\u00f6n giderek daha net hale geliyor. Blockchain&#8217;in gelece\u011fi spek\u00fclasyondan \u00e7ok altyap\u0131 \u00fczerine in\u015fa edilebilir.<\/p>\n<p>Geleneksel finans ile blockchain teknolojisi aras\u0131ndaki yak\u0131nla\u015fma devam ederken, Paxos&#8217;un SEC onay\u0131 iki d\u00fcnyan\u0131n birle\u015fmesine katk\u0131 sa\u011flayan \u00f6nemli d\u00f6n\u00fcm noktalar\u0131ndan biri olarak hat\u0131rlanabilir.<\/p>\n<p><strong>Feragatname:<\/strong> Bu makale yaln\u0131zca bilgilendirme ama\u00e7l\u0131d\u0131r ve finansal, hukuki veya yat\u0131r\u0131m tavsiyesi niteli\u011fi ta\u015f\u0131maz. Okuyucular herhangi bir yat\u0131r\u0131m karar\u0131 vermeden \u00f6nce kendi ara\u015ft\u0131rmalar\u0131n\u0131 yapmal\u0131d\u0131r.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sozluk\"><\/span>S\u00f6zl\u00fck<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Blockchain Mutabakat\u0131:<\/strong> Finansal i\u015flemlerin kaydedilmesi ve tamamlanmas\u0131 i\u00e7in da\u011f\u0131t\u0131k defter teknolojisinin kullan\u0131lmas\u0131.<\/p>\n<p><strong>Clearing Agency (Takas Kurulu\u015fu):<\/strong> Menkul k\u0131ymet i\u015flemlerini do\u011frulayan ve sonu\u00e7land\u0131ran d\u00fczenlenmi\u015f kurum.<\/p>\n<p><strong>Central Securities Depository (CSD):<\/strong> Menkul k\u0131ymet sahiplik kay\u0131tlar\u0131n\u0131 tutan ve transferleri kolayla\u015ft\u0131ran kurulu\u015f.<\/p>\n<p><strong>Kar\u015f\u0131 Taraf Riski:<\/strong> \u0130\u015flemde yer alan taraflardan birinin y\u00fck\u00fcml\u00fcl\u00fcklerini yerine getirememesi riski.<\/p>\n<p><strong>T+1 Mutabakat:<\/strong> \u0130\u015flemlerin ger\u00e7ekle\u015ftirildikten sonraki bir i\u015f g\u00fcn\u00fc i\u00e7inde sonu\u00e7lanmas\u0131.<\/p>\n<p><strong>No-Action Letter:<\/strong> Belirli ko\u015fullar alt\u0131nda yapt\u0131r\u0131m uygulanmayaca\u011f\u0131n\u0131 belirten d\u00fczenleyici rehberlik.<\/p>\n<p><strong>Da\u011f\u0131t\u0131k Defter Teknolojisi (DLT):<\/strong> Birden fazla kat\u0131l\u0131mc\u0131 taraf\u0131ndan payla\u015f\u0131lan ve y\u00f6netilen veri kay\u0131t sistemi.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Blockchain_Mutabakati_Hakkinda_Sikca_Sorulan_Sorular\"><\/span>Blockchain Mutabakat\u0131 Hakk\u0131nda S\u0131k\u00e7a Sorulan Sorular<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Paxosun_SEC_onayi_neden_tarihi_olarak_goruluyor\"><\/span>Paxos&#8217;un SEC onay\u0131 neden tarihi olarak g\u00f6r\u00fcl\u00fcyor?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u00c7\u00fcnk\u00fc Paxos Securities Settlement Company, ABD&#8217;de SEC taraf\u0131ndan onaylanan ilk blockchain tabanl\u0131 takas kurulu\u015fu ve Merkezi Menkul K\u0131ymet Saklama Kurulu\u015fu oldu.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Blockchain_mutabakati_nedir\"><\/span>Blockchain mutabakat\u0131 nedir?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Blockchain mutabakat\u0131, finansal i\u015flemleri do\u011frulamak, kaydetmek ve tamamlamak i\u00e7in da\u011f\u0131t\u0131k defter teknolojisinin kullan\u0131lmas\u0131d\u0131r.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bu_onay_bankalara_ve_araci_kurumlara_nasil_yardimci_olur\"><\/span>Bu onay bankalara ve arac\u0131 kurumlara nas\u0131l yard\u0131mc\u0131 olur?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>D\u00fczenlenmi\u015f blockchain altyap\u0131s\u0131na eri\u015fim sa\u011flayarak tokenla\u015ft\u0131r\u0131lm\u0131\u015f varl\u0131klar\u0131n ve blockchain tabanl\u0131 mutabakat sistemlerinin benimsenmesini kolayla\u015ft\u0131r\u0131r.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tokenizasyon_finansal_piyasalar_icin_neden_onemlidir\"><\/span>Tokenizasyon finansal piyasalar i\u00e7in neden \u00f6nemlidir?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Hisse senetleri ve tahviller gibi geleneksel varl\u0131klar\u0131n blockchain \u00fczerinde temsil edilmesini sa\u011flayarak verimlilik, \u015feffafl\u0131k ve eri\u015filebilirli\u011fi art\u0131rabilir.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Referanslar\"><\/span>Referanslar<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/paxos-becomes-first-crypto-firm-to-win-sec-clearing-agency-registration\" rel=\"nofollow noopener\" target=\"_blank\">Cointelegraph<\/a><\/p>\n<p><a href=\"https:\/\/www.paxos.com\/newsroom\/sec-registers-paxos-securities-settlement-company-as-a-clearing-agency\" rel=\"nofollow noopener\" target=\"_blank\">Paxos<\/a><\/p>\n<p><a href=\"https:\/\/www.sec.gov\/rules-regulations\/2026\/03\/600-39\" rel=\"nofollow noopener\" target=\"_blank\">Sec<\/a><\/p>\n<p><a href=\"https:\/\/www.federalregister.gov\/documents\/2025\/08\/06\/2025-14859\/paxos-securities-settlement-company-llc-notice-of-filing-of-an-application-for-registration-as-a\" rel=\"nofollow noopener\" target=\"_blank\">Federalregister<\/a><\/p>\n<p><a href=\"https:\/\/www.bis.org\/cpmi\/about\/overview.htm?\" rel=\"nofollow noopener\" target=\"_blank\">BIS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Y\u0131llard\u0131r blockchain teknolojisi, finansal piyasalar\u0131 d\u00f6n\u00fc\u015ft\u00fcrebilecek bir ara\u00e7 olarak tan\u0131t\u0131l\u0131yor. Destek\u00e7ileri, da\u011f\u0131t\u0131k defter teknolojisinin i\u015flemleri daha h\u0131zl\u0131, daha ucuz ve daha \u015feffaf hale getirebilece\u011fini savunurken, ele\u015ftirmenler bu teknolojinin geleneksel finans\u0131n kat\u0131 d\u00fczenleyici \u00e7er\u00e7evesine uyum sa\u011flay\u0131p sa\u011flayamayaca\u011f\u0131n\u0131 sorguluyordu. Sonu\u00e7 olarak tart\u0131\u015fmalar\u0131n b\u00fcy\u00fck b\u00f6l\u00fcm\u00fc, arka planda \u00e7al\u0131\u015fan finansal altyap\u0131 yerine kripto paralar, token fiyatlar\u0131 ve spek\u00fclatif i\u015flemler [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":101190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","override":[{"template":"2","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"bottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_comment_section":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[160],"tags":[11894,11488],"class_list":["post-102776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-digital-asset-infrastructure","tag-tokenized-securities"],"_links":{"self":[{"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/posts\/102776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/comments?post=102776"}],"version-history":[{"count":2,"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/posts\/102776\/revisions"}],"predecessor-version":[{"id":102778,"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/posts\/102776\/revisions\/102778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/media\/101190"}],"wp:attachment":[{"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/media?parent=102776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/categories?post=102776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnyradio.com\/tr\/wp-json\/wp\/v2\/tags?post=102776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}