How do participants get on-boarded?
The entire process can take a matter of weeks. Paxos works directly and independently with each of its participants to ensure that onboarding is as seamless as possible. First, Paxos…
What trades can Paxos Settlement Service settle?
Paxos is currently operating Paxos Settlement Service within a limited scope - only street-side broker-to-broker trades of certain U.S. listed equities are eligible for settlement on Paxos Settlement Service. Paxos…
Does Paxos Settlement Service support or use cryptocurrency (e.g. Bitcoin or Ethereum)?
No, Paxos Settlement Service does not use, support or settle cryptocurrency. It is currently used for settlement of U.S. equities.
Why should participants choose Paxos Settlement Service?
Paxos Settlement Service is a true bilateral delivery-versus-payment settlement system, which does not otherwise exist in the market. It is built with blockchain technology that can deliver benefits in both…
What is Paxos’ vision for this product and business?
Paxos is building new market infrastructure - one where assets of all types, across geographies - can frictionlessly move and be transacted. By modernizing financial market infrastructure, we can create…
What is Paxos Settlement Service?
Paxos Settlement Service is a post-trade settlement platform for U.S. securities that enables existing market participants to settle trades between themselves. Paxos Settlement Service is connected to participants on a…
Introducing Paxos Settlement Service – Changing How U.S. Securities are Settled
Today I’m excited to announce that we’ve received No-Action relief from the SEC Staff to introduce the Paxos Settlement Service. Paxos Settlement Service is a private blockchain platform that makes…
Paxos Receives No-Action Relief From SEC Staff to Settle U.S. Listed Securities
Paxos Settlement Service Will Be First Blockchain-Enabled Settlement Product to be Used in Live Environment for U.S. Listed Securities Credit Suisse and Société Générale First to Utilize Service NEW YORK…
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