Paxos to Debut Blockchain-Based Clearing & Settlement Pilot for US Stock Market

Paxos to Debut Blockchain-based Clearing & Settlement Pilot for U.S. Stock Market

Blockchain startup Paxos is set to launch a blockchain pilot for clearance and settlements in the U.S. stock market. The project provides an alternative to the process offered by the Depository Trust and Clearing Corp (DTCC). If successful, the Paxos system will be one of the first blockchain implementations deployed in the U.S.