Report

Paxos Securities Settlement: Creating an Alternative Equity Clearing and Settlement Model in the U.S.

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The PSS platform enables existing market participants to settle trades between themselves and reduce the clearing fees and settlement risk.
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February 9, 2022 – Today, the clearing and settlement function in an FI is supported by a combination of new and legacy technology platforms. Still, FIs are seeking more advanced solutions that can shorten the settlement cycle while providing tangible benefits to reduce the operational risk, liquidity risk, counterparty exposure, margin, and collateral requirements. Paxos Trust Company is offering its Paxos Settlement Service (PSS) on a blockchain settlement platform. The platform enables existing market participants to settle trades between themselves and reduce the clearing fees and settlement risk.

This Impact Brief highlights Paxos’ new securities settlement solution offering and reviews the approaches taken by its three clients, looking at the status of their journeys with PSS.

Clients of Aite-Novarica Group’s Capital Markets service can download this 18-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Paxos Settlement Service, Credit Suisse, Instinet, and Societe Generale.

About the Author

Vinod Jain

Vinod Jain

Vinod Jain is a Strategic Advisor who supports the efforts of the Capital Markets team at Datos Insights, focusing on distributed ledger technology, tokenization, central bank digital currencies, stablecoins, cryptocurrencies, private markets (equity and credit), institutional trading operations, post-trade processing, surveillance (trade, market, and communication), and regulatory compliance across equity, fixed income, and OTC derivatives. Vinod brings to Datos Insights over...

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