TD Securities selects Paxos Settlement Service for Commodities to drive Simultaneous Counterparty Settlement

November 19, 2023

November 13, 2023 – Paxos, the leading regulated blockchain infrastructure platform, has announced that TD Securities has become the latest financial institution to join the Paxos Settlement Service for Commodities. With the numerous commodities trading firms still without automated confirmations and settlement, TD Securities’ adoption of the Paxos service is an important step to increasing efficiencies and common standards for commodities settlement. Not only does Paxos deliver simultaneous settlement but the Paxos Settlement Service also acts as a hub to accommodate all counterparty settlements regardless of whether the counterparty is on the network. It is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). About TD Bank GroupThe Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”).

The source of this news is from Paxos