Euroclear terminates blockchain gold settlement project with Paxos – Report – EconoTimes

The collaboration between post-trade services provider Euroclear and fintech startup Paxos to build blockchain settlement service for London bullion market has been terminated, Reuters reported.

In an interview, Christine Vanormelingen, global head of communications and investor relations at Euroclear, said that Euroclear will no longer work with Paxos on the project. However, Vanormelingen did not reveal the reason behind this decision.

“Not all of the startup collaborations come to a conclusive end, that is part of how you develop an innovation strategy,” Vanormelingen said. “We remain committed to offering a solution to the London bullion market.”

More at: Euroclear terminates blockchain gold settlement project with Paxos – Report – EconoTimes

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