Credit Suisse and Brokerage Provider Settling Trades on Distributed Ledger

Credit Suisse and Instinet have recently started to settle US stock trades on a distributed ledger from Paxos Trust; this is a first application of a distributed ledger being leveraged for equities trades; Emmanuel Aidoo is head of distributed ledger strategy at Credit Suisse and shares just how big of a milestone the news is: “For the last 40-something years, you’ve had a single process of settling trades in the United States…from a symbolic perspective, this is huge.” Many people believed that US equities would be one of the last places for a distributed ledger to be used due to the market already being efficient; Penny Crosman from American Banker digs deeper into the details of the technology and the benefits for this application of blockchain technology. American Banker

Notify of
Inline Feedbacks
View all comments