--- title: ABN Amro Clearing to Join Paxos Settlement Service description: The regulated blockchain infrastructure platform announced the sixth broker-dealer to join. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-896355786-May-12-2022-09-29-25-43-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/abn-amro-clearing-to-join-paxos-settlement-service#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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The service represents the first live application of blockchain technology in the listed U.S. equities market. Paxos is operating a pilot phase of the service under No-Action relief from the staff of the U.S. Securities and Exchange Commission (SEC). Since initiating the service in February 2020, Paxos has continuously settled trades on a daily basis. Other clients of the service include Bank of America, Credit Suisse, Instinet, Societe Generale and Wedbush. With each additional broker-dealer, the benefits of the network increase, delivering greater savings and efficiencies to its participants. Greg Lee, Managing Director of Paxos, stated, “We’re pleased to add ABN AMRO Clearing to our platform as we transform post-trade infrastructure in the securities industry. Paxos has demonstrated an ability to innovate and deliver compelling enterprise-grade solutions in a complex and high-value market. By working closely with our industry clients, we’ve been able to streamline back office processes, offer scalable same-day net settlement and enable opportunities for business development. We believe blockchain technology will deliver innovation in clearing and settlement that will benefit the industry.” Paxos is applying for full clearing agency registration with the SEC. If granted a clearing agency registration by the SEC, the Paxos Settlement Service plans to provide the industry with greater flexibility around their settlement cycles, ranging from T+2 to T+0, optimized according to their trading and asset management strategies. Additionally, Paxos will run multilateral netting processes in real-time to ensure efficient, fast and transparent net settlement of transactions. Source: Paxos [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/abn-amro-clearing-to-join-paxos-settlement-service) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/abn-amro-clearing-to-join-paxos-settlement-service) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/abn-amro-clearing-to-join-paxos-settlement-service) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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