Distributed ledger technology that maintains a continuously growing list of records (blocks) linked and secured using cryptography. Each block contains a timestamp and link to the previous block, creating an immutable chain. This decentralized system eliminates the need for trusted intermediaries by allowing network participants to verify transactions independently
The firm is launching a hybrid post-trade infrastructure handling both traditional and digital securities, digitising the full lifecycle, including settlement, custody, and asset servicing
The partnership introduces an API-driven, permissioned blockchain integration that replaces manual transfer agency order processing with straight-through processing for subscriptions, redemptions and switches
Megan Brooks-Anderson will transition from her current position as chief strategy officer, taking charge of Blockstream and Nodestream, its HPC and AI infrastructure division
The group will provide fund administration and depositary services for non-financial instruments through Apex Fund Services Luxembourg and bank account services through European Depository Bank
According to the firm, Paxos Securities Settlement Company is the only blockchain-native firm approved by the US Securities and Exchange Commission as a clearing agency
The firms intend to enable the tokenisation of Depository Trust Company-custodied assets on the Stellar network, which spans securities, payment, and remittance
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