Paxos Adds ABN AMRO to Service for Settling US Trades

ABN AMRO joins five other broker-dealers that are providing settlement services for Paxos.

Sep 20, 2021 at 5:52 p.m. UTC
Updated Sep 20, 2021 at 6:36 p.m. UTC

Blockchain infrastructure platform Paxos has added ABN AMRO to its settlement service, the company announced Monday.

  • Paxos Settlement Service is a private blockchain solution that allows two parties to settle securities trades directly with each other.
  • Other broker-dealer clients of the service include Bank of America, Credit Suisse, Instinet, Societe Generale and Wedbush Securities. Paxos Settlement Service has been actively settling listed U.S. equity trades with pilot participants since it was launched in February 2020.
  • Paxos is applying for full clearing-agency registration with the U.S. Securities and Exchange Commission. If registration is granted, the Paxos Settlement Service expects to provide settlement cycles ranging from T+2 (settlement dates that occur two days after the transaction) to T+0.
  • Last week, Interactive Brokers announced it had teamed up with Paxos Trust to allow clients to trade cryptocurrencies.


The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Josh Fineman is CoinDesk's Senior Wall Street Reporter, covering the intersection of crypto and traditional finance.