Bank of America Joins Paxos Settlement Service

Bank of America joins Paxos Settlement Service, eyes same-day stock trade settlement What: If approved as a clearing agency, Bank of America will leverage the blockchain-enabled Paxos Settlement Service to achieve same-day settlements of stock trades. Importance: Settling stock trades in minutes (i.e. T+0) rather than days (i.e. T+2) would dramatically improve market efficiencies, with collateral […]