Euroclear’s Bankchain Blockchain Gold Settlement Will Go Live in 2017

[kreslik.news]

Euroclear and Paxos have announced the completion of a pilot for Bankchain, their blockchain settlement service for London bullion, and it is now expected to go live in 2017. They report that over 600 over-the-counter (OTC) test bullion trades were settled on the platform over the course of the two-week test.

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Some major players in the London bullion market were involved in the pilot, including Scotiabank, Société Générale, Citi, MKS PAMP Group and INTL FCStone. They are part of the Euroclear Bankchain Market ... (read more)