970x404-quantum_internet_creditscixel_tu_delft.jpg

Credit Suisse and Instinet first to settle US equities on Paxos blockchain

Credit Suisse and Instinet first to settle US equities on Paxos blockchain

Credit Suisse and Instinet have begun settling US securities on a bockchain-based post-trade platform supplied by Paxos.

4. Credit Suisse


4. Credit Suisse
The capabilities of Credit Suisse to use Paxos Settlement Service clearly indicate another promising entry among blockchain project ideas. The major banking player, based in Switzerland, is also capitalizing on the capabilities of Enterprise Ethereum alongside Paxos Settlement Service. Credit Suisse utilizes the Paxos Settlement Service for settling US-listed stock trades with the Instinet of broker-dealer Nomura.

The blockchain technology offered by the Swiss banking giant could help participants with the direct settlement of trades with each other. As a result, it can reduce the intervention of conventional intermediaries thereby speeding up the settlement.

Chad Cascarilla on Paxos’s Partnership With PayPal – Ep.151


Paxos CEO and cofounder Chad Cascarilla discusses his company’s partnership with PayPal, which just opened up its crypto purchase and selling product to all its US customers. In this episode, he covers:
● how Paxos enables PayPal’s crypto product
● the regulatory steps Paxos took to make this happen
● why $200 billion company like PayPal would partner with a small company like Paxos
● how Paxos Crypto Brokerage works
● how Paxos provides the regulatory cover that PayPal needs for this offering, along with custodial and liquidity services
● why this product sources its coins on Paxos’s ItBit exchange
● how the four crypto assets available on PayPal — bitcoin, ether, litecoin and bitcoin cash — were chosen
● what other tokens one might expect to be offered through Paxos Crypto Brokerage, and possibly by extension by PayPal
● how PayPal gets around the scaling issues on Bitcoin and Ethereum
● whether Paxos’s stablecoin business might be used by PayPal
● if PayPal does acquire BitGo, what that would mean for Paxos offering custody for PayPal through its brokerage
● how Paxos’s equity settlement platform is going, and where it could go over time
● how and why Paxos is applying to the SEC to become one of three clearing agents

Thank you to our sponsor!
Crypto.com: http://crypto.com

Episode links:
Chad Cascarilla: https://www.linkedin.com/in/charlescascarilla/

Paxos: https://www.paxos.com

PayPal now offers crypto purchases to all its customers: https://www.theblockcrypto.com/linked/84398/paypal-opening-up-app-crypto-users

Original announcements about PayPal offering crypto purchases with Paxos: https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency
https://www.theblockcrypto.com/post/81794/paypal-to-enable-crypto-purchases-with-the-help-of-paxos
Paxos announcement: https://www.paxos.com/paypal-paxos-bring-crypto-to-millions-of-users/

Paxos Crypto Brokerage: https://www.prnewswire.com/news-releases/paxos-introduces-paxos-crypto-brokerage-service-to-power-digital-asset-buying-and-selling-in-any-product-301093761.html

PayPal approved for conditional BitLicense: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010211

Paxos’s stablecoin business: https://www.theblockcrypto.com/genesis/54254/a-deep-dive-into-the-paxos-stablecoin-ecosystem

PayPal rumored to be in talks to acquire BitGo: https://www.coindesk.com/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo-bloomberg

Paxos working with Revolut: https://www.coindesk.com/uk-fintech-firm-revolut-brings-bitcoin-ether-trading-to-us-customers

Paxos equity settlement business: https://www.theblockcrypto.com/linked/56494/paxos-equity-settlement-business-goes-live-with-credit-suisse-and-nomuras-instinet-as-first-clients

https://www.theblockcrypto.com/post/44901/paxos-looking-to-upend-a-massive-corner-of-wall-street-credit-suisse-on-board-for-pilot

Link to the Crypto News Recap:
https://unchainedpodcast.com/1st-paxos-interview-since-paypal-news/

Charles Cascarilla Talks Paxos Crypto Services, Pax Dollar & Gold, PayPal, Stablecoin Regulations


Charles Cascarilla is the CEO and Co-Founder at Paxos. In this interview we discuss Paxos crypto solutions, Pax Dollar USDP, Pax Gold PAXG, Stablecoin regulations, crypto regulations, bitcoin adoption, NFTs and more.
��Sponsor – Signup with Uphold. https://uphold.sjv.io/gbED4X
�� Get the Ledger Nano X to Safely store your Crypto – https://www.ledgerwallet.com/r/acd6
�� iTrust Capital – https://itrust.capital/thinkingcrypto
✅ Become a Channel Member – https://www.youtube.com/channel/UCjpkwsuHgYx9fBE0ojsJ_-w/join
�� Sign up for the Free Thinking Crypto Weekly Newsletter https://thinkingcrypto.substack.com/
�� Easily do your Crypto taxes, I personally use this service – https://taxbit.com/invite/thinkingcrypto/?fpr=thinkingcrypto
�� Sign Up with Okcoin https://www.okcoin.com/join?channelId=600073973

➡️ Follow on Twitter – https://twitter.com/ThinkingCrypto1
➡️ Follow on Facebook – https://www.facebook.com/thinkingcrypto/
➡️ Follow on LinkedIn – http://linkedin.com/company/thinking-crypto
➡️ Follow on Instagram – https://www.instagram.com/thinkingcrypto/
➡️ Follow on TikTok – https://www.tiktok.com/@cryptobreakdowns
➡️ Website – https://www.ThinkingCrypto.com/
�� Listen to content on Apple Podcasts – https://podcasts.apple.com/us/podcast/thinking-crypto-news-interviews/id1458945676
�� Listen to content on Spotify – https://open.spotify.com/show/221AV5A65v7uYEsuMviVKl

⏰ Time Stamps ⏰
00:00 Intro
01:34 Charles Background
10:10 Is he a Bitcoin whale?
15:19 What blockchain is Paxos tokenizing on
20:04 Stablecoin regulations & Paxos preparation for them
35:00 PayPal partnership & powering crypto buy and sell
39:08 Other partnerships
43:43 Plans for LATAM markers
49:22 Thoughts on US crypto regulations
=================================================

�� Interviews Playlists ��
– All Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEe8rCbwJojpipmwwkvWhbQD
– Must Watch Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEdqEaSrjC3UHOQdw1eyeYRU
– Bitcoin Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEcjtw8URfr7-DfBi_J_O0ip
– Ripple XRP Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEc03SLancq1Ms6iC0RlRZBH
– Altcoin Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEeZ3QES9lD1f59YTWuQv-uv
– Crypto Regulators & Politicians Interviews – https://youtube.com/playlist?list=PL5rDfH3ofGEdsqA213osf2u-PbT1b7uM4
– Investment Firms & Hedge Funds – https://youtube.com/playlist?list=PL5rDfH3ofGEfa-HsusfQBB6blH3KR09mj
– Internet Pioneers & Entrepreneurs – https://youtube.com/playlist?list=PL5rDfH3ofGEdqCYps3eexnovm2WNWeP3o
– Women In Crypto – https://youtube.com/playlist?list=PL5rDfH3ofGEdwK2lIDFoAkmj_qoULLNkB

=================================================
#Paxos #Stablecoins #Crypto #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #BitcoinMining #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Cardano #Ada #CardanoNews #Altcoin #Altcoins #NFTs #NFT #Metaverse, charles cascarilla paxos
=================================================
– Thinking Crypto is your home for the best Crypto News and Interviews –
crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, nfts
=================================================
Disclaimer – Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.

Note that links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!

Paxos completes T+0 Settlement for Credit Suisse and Instinet Nomura


Chad Cascarilla, Paxos co-founder and CEO, joins ‘Squawk Alley’ to discuss how the company uses blockchain to complete T+0 settlements which allows brokerages to have less money sitting in clearing houses, an issue that came up during GameStop frenzy at the end of January 2021. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

https://www.cnbc.com/select/best-credit-cards/

#CNBC
#CNBCTV

Back to top