TD Securities has selected Paxos commodity settlement service, marking progress in the precious metals market by adopting blockchain technology for trade settlements. This collaboration provides the first example of simultaneous cash and commodity trade settlements, improving TD Securities’ operations in both traditional and digital precious metals markets.
TD Securities has selected Paxos to provide a blockchain-based settlement service for commodity trades, boosting automation in a sector that traditionally lacks such systems. This development aims to modernize the approach to commodity trading, providing a solution to the long-standing absence of automated confirmations and settlements.
“Bridging the long-standing gap between cash and assets Colony
Colony
Settlement in finance refers to the process in which the buyer makes payment and receives the agreed upon services or goods. This term is used on exchanges such as the New York Stock Exchange (NYSE) when securities change hands. When the asset is transferred and placed in the name of the new buyer, it is considered settled. This process may take a few hours or several days after the trade is made. It depends on the clearance process. In the United States, the settlement date for marketable shares is usually 2
Settlement in finance refers to the process in which the buyer makes payment and receives the agreed upon services or goods. This term is used on exchanges such as the New York Stock Exchange (NYSE) when securities change hands. When the asset is transferred and placed in the name of the new buyer, it is considered settled. This process may take a few hours or several days after the trade is made. It depends on the clearance process. In the United States, the settlement date for marketable shares is usually 2
Read this term Networks, in addition to collecting settlement obligations in a controlled manner that mitigates risk, are essential elements for creating secure commodity market settlement. Cash and asset settlement networks and controlled collection of settlement obligations.
“Apart from mitigating risks, joining this settlement network enables us to realize significant benefits to our operations, increasing our overall settlement efficiency.”
Paxos stands as a pivotal entity in the regulated and tokenized infrastructure, shaping a more flexible and open financial system. The company has cooperated with prominent institutions such as PayPal and Bank of America to facilitate asset tokenization, custody and transaction services, and has obtained significant investments, demonstrating its influence on the development of the financial industry.
Anushka Rayner, Head of Commodity Growth at Paxos, emphasized the dual benefits of reduced credit risk and capital efficiency gains. According to Rayner, Paxos facilitates simultaneous settlements and acts as a central hub for all counterparty settlements.
“TD Securities will be able to optimize its commodities business through complete automation from post-trade confirmation to final settlement,” she concluded.
Finance poles We reported last week that TD Securities has also teamed up with Tradefeedr to improve data analytics in the forex industry. The company has merged with Tradefeedr’s independent FX data analytics platform.
Paxos faces regulatory challenges in the cryptocurrency market
In light of the regulatory issues faced by major cryptocurrency exchanges in the US, Paxos started the year with a setback. In February, news emerged that she was facing an investigation by the New York State Department of Financial Services (NYDFS).
Just a few days later, the company announced that it would stop minting Binance coins Stable coin
Stable coin
Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that are designed to maintain a stable value. A greater emphasis on stability rather than volatility can be a big draw for some investors. Many individuals can shy away from the high volatility and uncertainty that cryptocurrencies represent compared to other traditional assets. Stablecoins control this volatility by pegging them to another cryptocurrency, fiat money, or to exchange-traded commodities, including
Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that are designed to maintain a stable value. A greater emphasis on stability rather than volatility can be a big draw for some investors. Many individuals can shy away from the high volatility and uncertainty that cryptocurrencies represent compared to other traditional assets. Stablecoins control this volatility by pegging them to another cryptocurrency, fiat money, or to exchange-traded commodities, including
Read this term BUSD, following reports that the Securities and Exchange Commission (SEC) also intends to prosecute the company.
However, this has not stopped Paxos from supporting other stablecoin developments. In September, the company partnered with Crypto.com and PayPal on a new US dollar-pegged token from payment giant PYUSD.
TD Securities has selected Paxos commodity settlement service, marking progress in the precious metals market by adopting blockchain technology for trade settlements. This collaboration provides the first example of simultaneous cash and commodity trade settlements, improving TD Securities’ operations in both traditional and digital precious metals markets.
TD Securities has selected Paxos to provide a blockchain-based settlement service for commodity trades, boosting automation in a sector that traditionally lacks such systems. This development aims to modernize the approach to commodity trading, providing a solution to the long-standing absence of automated confirmations and settlements.
“Bridging the long-standing gap between cash and assets Colony
Colony
Settlement in finance refers to the process in which the buyer makes payment and receives the agreed upon services or goods. This term is used on exchanges such as the New York Stock Exchange (NYSE) when securities change hands. When the asset is transferred and placed in the name of the new buyer, it is considered settled. This process may take a few hours or several days after the trade is made. It depends on the clearance process. In the United States, the settlement date for marketable shares is usually 2
Settlement in finance refers to the process in which the buyer makes payment and receives the agreed upon services or goods. This term is used on exchanges such as the New York Stock Exchange (NYSE) when securities change hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process may take a few hours or several days after the trade is made. It depends on the clearance process. In the United States, the settlement date for marketable shares is usually 2
Read this term Networks, in addition to collecting settlement obligations in a controlled manner that mitigates risk, are essential elements for creating secure commodity market settlement. Cash and asset settlement networks and controlled collection of settlement obligations.
“Apart from mitigating risks, joining this settlement network enables us to realize significant benefits to our operations, increasing our overall settlement efficiency.”
Paxos stands as a pivotal entity in the regulated and tokenized infrastructure, shaping a more flexible and open financial system. The company has cooperated with prominent institutions such as PayPal and Bank of America to facilitate asset tokenization, custody and transaction services, and has obtained significant investments, demonstrating its influence on the development of the financial industry.
Anushka Rayner, Head of Commodity Growth at Paxos, emphasized the dual benefits of reduced credit risk and capital efficiency gains. According to Rayner, Paxos facilitates simultaneous settlements and acts as a central hub for all counterparty settlements.
“TD Securities will be able to optimize its commodities business through complete automation from post-trade confirmation to final settlement,” she concluded.
Finance poles We reported last week that TD Securities has also teamed up with Tradefeedr to improve data analytics in the forex industry. The company has merged with Tradefeedr’s independent FX data analytics platform.
Paxos faces regulatory challenges in the cryptocurrency market
In light of the regulatory issues faced by major cryptocurrency exchanges in the US, Paxos started the year with a setback. In February, news emerged that she was facing an investigation by the New York State Department of Financial Services (NYDFS).
Just a few days later, the company announced that it would stop minting Binance coins Stable coin
Stable coin
Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that are designed to maintain a stable value. A greater emphasis on stability rather than volatility can be a big draw for some investors. Many individuals can shy away from the high volatility and uncertainty that cryptocurrencies bring compared to other traditional assets. Stablecoins control this volatility by pegging them to another cryptocurrency, fiat money, or to exchange-traded commodities, including…
Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that are designed to maintain a stable value. A greater emphasis on stability rather than volatility can be a big draw for some investors. Many individuals can shy away from the high volatility and uncertainty that cryptocurrencies bring compared to other traditional assets. Stablecoins control this volatility by pegging them to another cryptocurrency, fiat money, or to exchange-traded commodities, including…
Read this term BUSD, following reports that the Securities and Exchange Commission (SEC) also intends to prosecute the company.
However, this has not stopped Paxos from supporting other stablecoin developments. In September, the company partnered with Crypto.com and PayPal on a new US dollar-pegged token from payment giant PYUSD.