Paxos, the regulated blockchain infrastructure platform, has partnered with TD Securities, to enable fully automated and simultaneous settlement of cash and commodities for the first time in the precious metals market, enhancing the efficiency of operations for trading both traditional and digital precious metals.
Aiming to set a new standard in the industry for reducing risk and improving settlement safety, the partnership addresses the prevalent issue of many commodities trading firms lacking automated confirmations and settlement. The Paxos Settlement Service not only enables simultaneous settlement but also acts as a hub for accommodating all counterparty settlements, even those not on the network.
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