Bitcoin
$63,213.83-0.12%
Ethereum
$3,050.83-0.64%
Binance Coin
$589.40-0.13%
Solana
$151.64-0.73%
XRP
$0.53982216-1.27%
Dogecoin
$0.15388506-1.14%
Toncoin
$5.80-1.21%
Cardano
$0.44962368-2.46%
Shiba Inu
$0.00002353-2.46%
Avalanche
$36.41-2.00%
Tron
$0.12099724+1.69%
Wrapped Bitcoin
$63,216.04-0.13%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus Prices Go Up InAll Pass Types Are Increasing
02
DAYS
00
HR
50
MIN
35
SEC
Finance

Paxos Adds ABN AMRO to Service for Settling US Trades

ABN AMRO joins five other broker-dealers that are providing settlement services for Paxos.

By Josh Fineman
AccessTimeIconSep 20, 2021 at 5:52 p.m. UTC
Updated May 11, 2023 at 6:01 p.m. UTC
CoinDesk placeholder image
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Blockchain infrastructure platform Paxos has added ABN AMRO to its settlement service, the company announced Monday.

  • Paxos Settlement Service is a private blockchain solution that allows two parties to settle securities trades directly with each other.
  • Other broker-dealer clients of the service include Bank of America, Credit Suisse, Instinet, Societe Generale and Wedbush Securities. Paxos Settlement Service has been actively settling listed U.S. equity trades with pilot participants since it was launched in February 2020.
  • Paxos is applying for full clearing-agency registration with the U.S. Securities and Exchange Commission. If registration is granted, the Paxos Settlement Service expects to provide settlement cycles ranging from T+2 (settlement dates that occur two days after the transaction) to T+0.
  • Last week, Interactive Brokers announced it had teamed up with Paxos Trust to allow clients to trade cryptocurrencies.
VolumeMuteUnmute

What Investors Should Know About the AI Tokens Riding Nvidia's Hype

  • APAC Demand for Crypto Exposure Remains High Despite Hong Kong ETFs' Soft Debut
    00:54
    APAC Demand for Crypto Exposure Remains High Despite Hong Kong ETFs' Soft Debut
  • Binance CEO Calls on Nigeria to Release Detained Executive; Galaxis Raises $10M
    02:13
    Binance CEO Calls on Nigeria to Release Detained Executive; Galaxis Raises $10M
  • Should You Sell in May and Go Away?
    00:46
    Should You Sell in May and Go Away?
  • Bitcoin ETFs Are Still 'Wildly Successful': Kraken Head of Strategy
    11:52
    Bitcoin ETFs Are Still 'Wildly Successful': Kraken Head of Strategy


    • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Josh Fineman
    Josh Fineman

    Josh Fineman is CoinDesk's Senior Wall Street Reporter, covering the intersection of crypto and traditional finance.

    Follow @jfineman on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.