DTCC has released a white paper on potentially moving to T+1 by 2023.
Paxos Settlement Service's blockchain will provide more flexibility around settlement from T+2 to T+0.
The European Association of Clearing Houses said provisions are inaccurate, redundant and burdensome.
The acquisition will accelerate the financial technology provider's growth outside North America.
The Eurosystem should be able to implement a solution in a relatively short space of time.
Resolving settlement failures is a manual process with email, phone calls and chats.
The change ensures compliance with CSDR after Brexit.
The platform was previously only available to issuers receiving securities services from State Street.
They risk losing clients who are increasingly demanding greater levels of automation.
