This post originally appeared on the Repository.
Category: Repository Blog
Last year our CEO Charles Cascarilla was featured in Modern Trader, discussing early adoption and future applications of blockchain technology. In this month’s issue featuring 50 Top Fintech leaders, Modern Trader revisits Charles to talk about the explosion of blockchain interest in the fintech industry and how Paxos has evolved to become a leading company in the space:
NEW YORK and LONDON, April 10, 2017 — Euroclear, a trusted provider of post-trade services, and Paxos®, a financial technology company delivering pioneering blockchain solutions, are pleased to announce the successful completion of their second pilot for Euroclear Bankchain, the new blockchain settlement service for London bullion due to go live this year. The two day pilot included 16 market participants including Citi, Société Générale, MKS PAMP Group, INTL FCStone Ltd, Barrick Gold Corporation, NEX EBS BrokerTec and ED&F Man and saw over 100,000 settlements.
This post originally appeared on the new Paxos Engineering Blog
I contributed to an article written by Euroclear that analyses the significant shift in how banks, brokers and CSDs manage collateral. The article breaks the new collateral management process into four phases, exploring the impact of regulations, technological advancements, adoption/competition and standards.
This post is from the new Paxos Engineering Blog
“Blockchain” has been a popular term in the financial industry over the last four years. Countless articles have been written about its benefits, how this innovative technology can change the way business is done and what it means for the future.
A great deal has been written and said about blockchain since it started to make headlines in early-2015. Thankfully, the hype curve that followed seems to be over and 2017 will be more about the delivery of the first real-world instances of this new technology. The time has arrived for us as an industry to move beyond proof-of-concepts or playing in labs.
NEW YORK and LONDON, Dec. 19, 2016 — Euroclear and Paxos™, a financial technology company delivering pioneering blockchain solutions, are pleased to announce the successful completion of the first pilot for Euroclear Bankchain, the new blockchain settlement service for London bullion due to go live in 2017. Over 600 OTC test bullion trades were settled on the Euroclear Bankchain platform over the course of the two-week pilot.
Euroclear recently released a 34-page paper exploring the regulatory and legal aspects of using distributed ledger technology (DLT) in post-trade settlement. Written with support from FinTech lawyers at Slaughter and May, Blockchain Settlement: Regulation, Innovation and Application focuses on the following three topics:
NEW YORK, Nov. 29, 2016 — Paxos™, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, today announced the appointment of Duncan L. Niederauer, the former Chief Executive Officer of The New York Stock Exchange, to the company’s Board of Directors.