Share this article
Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Paxos Adds ABN AMRO to Service for Settling US Trades
ABN AMRO joins five other broker-dealers that are providing settlement services for Paxos.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Josh Fineman
Josh Fineman is CoinDesk's Senior Wall Street Reporter, covering the intersection of crypto and traditional finance. He doesn't own any substantial amount of crypto.
More For You
Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half
A wave of multisig-related hacks and operational misconfiguration led to catastrophic losses in the first half of 2025.
What to know:
- Over $2 billion was lost to Web3 hacks in the first half of the year, with the first quarter alone surpassing 2024’s total.
- Multisig wallet mismanagement and UI tampering caused the majority of major exploits.
- Hacken urges real-time monitoring and automated controls to prevent operational failures.
