Euroclear to Develop Blockchain Gold Settlement System

Euroclear to Develop Blockchain Gold Settlement System

Clearing and settlement services firm Euroclear has announced its first partnership with a blockchain industry business. Belgium-based Euroclear revealed today it would partner with bitcoin exchange and blockchain services provider itBit to develop a system for settling gold trades. The project is aimed at reducing risk and increasing asset mobility and liquidity in the London gold market, and will find the two firms working in tandem to develop a "next-generation settlement service" that could be launched as soon as next year. As part of the deal, Euroclear will act as the....


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