AltcoinsFinancial Services

Paxos Develops Blockchain Solutions for Financial Insitutions

Financial technology company Paxos, named after a technical term that represents a process for reaching consensus, has released its new brand in delivering consensus-driven blockchain solutions for global financial institutions. The company’s flagship service, Bankchain, is a cloud-based platform-as-a-service (PaaS) solution transforming post-trade market infrastructures and back office processes for its global clients. Bankchain was previously recognized under the itBit umbrella, but has become established as an offering under the Paxos brand.

Bankchain delivers instantaneous settlement and greater automation, offering market participants reduced counterparty risk, lower capital requirements and increased operational efficiencies. Paxos has formed strategic relationships with leading market participants and infrastructure providers such as Euroclear allows Bankchain in order to connect to the existing settlement systems as simply as possible.

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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