Using Blockchain To Settle Trades Could Alter Litigation

Law360 (August 6, 2020, 5:49 PM EDT) -- Crypto startup company Paxos Trust LLC is piloting a blockchain-based approach for settling equity trades with the tacit endorsement of the U.S. Securities and Exchange Commission.[1] If successful, Paxos' approach has the potential to unseat the Depository Trust Clearing Corp. and permanently change how trade settlement works.

Not to be outdone, the DTCC announced an initiative at the end of May called Project Ion to explore the same technology.[2] Benefits of a blockchain approach — also called distributed ledger technology, or DLT — compared to the traditional centralized approach may include increased settlement speed, reduced risk, faster access to funds and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!