Bank of America partnership with Paxos will allow same-day trade settlements

by Aurelia Butler 17 May 2021, 22:40 169 Views

According to a Bloomberg report on Monday, Bank of America (NYSE:BAC) has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using blockchain technology. Kevin McCarthy, head of financing and clearing, said the bank “has been conducting internal transactions for the past few months” and would offer the service to Bank of America clients upon approval as a clearing agency.

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Bank of America partnership with Paxos will allow same-day trade settlements

U.S. Senate Republicans readying new infrastructure proposal

Buffett's Berkshire buys Aon, slashes Chevron and Wells Fargo

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