Tag · 2 entries
clearing
Every story this desk has filed under clearing, most recent first.
Explainer · Clearing
Nobody Clears an Onchain Stock Trade. Here Is Who Carries the Risk Instead
efrog #1593
In listed equity markets a clearing house stands between buyer and seller and guarantees the trade. Onchain there is no such party. The risk does not vanish, it moves to the issuer, the venue and the pool.
Explainer · Settlement
Instant Settlement Sounds Better Than It Is. Here Is What It Costs
efrog #1593
A tokenized stock trade settles the moment the block confirms. The share behind it still settles the next business day. Everything interesting in onchain equities lives in that gap.