Euroclear and Paxos Break Up over Blockchain Project

Euroclear abandons Bankchain platform but startup says launch will go ahead in 2018

The blockchain platform was aimed at the settlement of precious metals.

Euroclear had announced that it was partnering with blockchain startup Paxos during the 2016 Sibos conference in Geneva, where it said that it would be developing a system designed specifically for post-trade processes in precious metals trading.

The platform was designed to reduce the cost of settlement for gold bullion and minimize associated risks. A few days later, on October 11, consultancy Ernst & Young joined the project, and on December 19, a beta version was announced as ready. Over th

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