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Read more about the article The System for Clearing and Settling Equities Is Antiquated. This Is About to Change.

The System for Clearing and Settling Equities Is Antiquated. This Is About to Change.

Paxos is upgrading clearing and settlement to meet the speed and efficiency of trading. Starting in the US with Street-side US equities settlement, Paxos has built a platform designed to alleviate market participants’ core concerns with the legacy infrastructure they rely upon today. Our solution, Paxos Settlement Service, is built with the latest technology and modern thinking about how financial infrastructure should operate.

Continue ReadingThe System for Clearing and Settling Equities Is Antiquated. This Is About to Change.

Societe Generale Begins Settling U.S. Securities Trades through Paxos Settlement Service

Paxos Trust Company, a New York-regulated financial institution that digitizes and mobilizes assets, today announced Societe Generale is the third broker-dealer client using Paxos Settlement Service to settle U.S. listed equity trades.

Continue ReadingSociete Generale Begins Settling U.S. Securities Trades through Paxos Settlement Service
Read more about the article The 5 Attributes of Money, Part I: What Makes Money Money

The 5 Attributes of Money, Part I: What Makes Money Money

Ultimately, money is a very specific form of asset ledger that serves as a means of payment. The money ledger is foundational to a capitalist financial system as the unit of account that everything in the economy is denominated against and from which intertemporal decisions are made.

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Paxos Settlement Service Begins Settling U.S. Securities Trades For Credit Suisse and Instinet

Paxos Trust Company, a New York-regulated financial institution that digitizes and mobilizes assets, today announced it launched the Paxos Settlement Service. The service can now settle select U.S. listed equity trades between broker-dealers Credit Suisse and Instinet, LLC.

Continue ReadingPaxos Settlement Service Begins Settling U.S. Securities Trades For Credit Suisse and Instinet