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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