Modern Trader names Paxos CEO Charles Cascarilla one of Fintech’s Top 50 Leaders

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:

Euroclear Bankchain Service Processes 100,000 Gold Settlements

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.

First Real-World Implementations of Blockchain Post-Trade Settlement Will Arrive in 2017

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.

Euroclear Bankchain Completes First Market Pilot for Blockchain Gold Settlement

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.