State Street trials T+0 settlement in Paxos blockchain pilot
Pilot simulated the settlement and custody of shares using blockchain technology, offering pathway to same day settlement.
Tag: Paxos
ABN Amro joins Paxos blockchain settlement service for US equities
European bank becomes the sixth broker-dealer to join the service, which already includes Bank of America, Credit Suisse, Instinet, Societe Generale and Wedbush.
Paxos completes same-day settlement in US equities market for Credit Suisse and Instinet
The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.
Paxos teams up with Credit Suisse and Instinet to launch blockchain settlement system
In launching the service, the platform will allow for the simultaneous exchange of cash and securities between broker-dealers to settle US listed-equities trades.
Paxos given go-ahead to launch blockchain-based settlement platform for US stock market
Credit Suisse and Societe Generale have been confirmed as the first two banks to use the Paxos Settlement Service.
Blockchain settlement platform Paxos raises $65 million from investors
The company will use the new resources to significantly scale operations and accelerate the delivery of a new settlement platform.