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Credit Suisse and Instinet use blockchain to settle US equities trades on same day with Paxos

Credit Suisse and Instinet use blockchain to settle US equities trades on same day with Paxos – The TRADE

The broker-dealer businesses of Credit Suisse and Nomura have settled US listed equities trades on a same-day settlement cycle on blockchain-based securities settlement platform Paxos. The exercise between Credit Suisse and Instinet occurred at 11am Eastern Time (ET) and settled at 4:30pm ET, demonstrating the ability for firms to execute and settle trades conducted throughout the day.