Paxos completes T+0 Settlement for Credit Suisse and Instinet Nomura

CNBC Television published this video item, entitled “Paxos completes T+0 Settlement for Credit Suisse and Instinet Nomura” – below is their description.

Chad Cascarilla, Paxos co-founder and CEO, joins ‘Squawk Alley’ to discuss how the company uses blockchain to complete T+0 settlements which allows brokerages to have less money sitting in clearing houses, an issue that came up during GameStop frenzy at the end of January 2021.

CNBC Television YouTube Channel

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About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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Chad, officially known as the Republic of Chad, is a landlocked country in north-central Africa. It is bordered by Libya to the north, Sudan to the east, the Central African Republic to the south, Cameroon to the south-west, Nigeria to the southwest (at Lake Chad), and Niger to the west.

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Credit Suisse Group AG is a global wealth manager, investment bank and financial services firm founded and based in Switzerland.

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Paxos is a regulated blockchain infrastructure platform, building a new, open financial system. Paxos clients include global enterprises PayPal, Credit Suisse, Societe Generale, StoneX and Revolut.

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