Paxos is a financial technology company delivering pioneering blockchain solutions for global financial institutions. Its flagship product is Bankchain(TM), a next-generation blockchain settlement platform that is transforming post-trade across capital markets. Bankchain delivers instantaneous settlement and greater automation, offering market participants reduced counterparty risk, lower capital requirements and increased operational efficiencies.
Paxos' initial focus is on the London bullion market with the new Euroclear Bankchain blockchain gold settlement service. Developed in collaboration with Euroclear, a leading global settlement house, Euroclear Bankchain will bring instant settlement and simultaneous delivery versus payment (DvP) to the gold market for the first time while minimizing counterparty risk.