Post-trade settlement powered by blockchain technology

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2 Unlocking the Power of Blockchain Technology Across the financial industry, mounting regulatory requirements and downward price pressures continue to shrink margins and profits, leading market participants to seek new ways of working. Blockchain technology streamlines the post-trade settlement process, unlocking new cost-savings and operational efficiencies without compromising on security. Blockchain offers a new clearing model that enhances margins and opens new revenue opportunities. At Euroclear, supporting the industry in driving down complexity is fundamental to who we are as a neutral market infrastructure. That is why we are working closely with blockchain technology provider Paxos to deliver a service that allows you to mitigate exposure to risk, optimise your balance sheet and cut operational and compliance costs.

3 Next-Generation Settlement Euroclear Bankchain is a blockchain settlement service that easily integrates with your existing set up. Benefits Instantaneous Settlement Reduces counterparty risk exposure and increases balance sheet efficiencies Increased Operational Efficiency Enhanced process automation and STP reduces manual friction and error Full Asset Control and Security Universal distributed back-office platform ensures data accuracy, real-time tracking and transparent auditability Ease of Integration Easily integrates with your existing set up, significantly reducing tech implementation Cost Savings Lower capital requirements and reconciliation costs result in increased availability of fresh capital for redeployment Leaner and more efficient operations Lower compliance and regulatory reporting costs associated with Dodd-Frank, Basel III, etc. Less implementation time, significantly lower costs

4 Revolutionising the Gold Market Euroclear Bankchain is the first use case for blockchain technology to settle gold in the bullion market. At the core of our service is a revolutionary tokenisation process which digitises physical gold, bringing instant settlement and true delivery versus payment to gold trading for the first time. This allows Euroclear Bankchain to offer you new revenue opportunities while significantly reducing capital charges. GOLD TOKENISATION Physical Gold Bar Gold tokens are a digital representation of one allocated gold bar and store key identifying information Digital Gold Tokens Benefits Fast, Dynamic Gold Trading Fast, frictionless movement of gold bars globally and the ability to settle in non-standard bar sizes without the uncertainties of the unallocated market. Pledge Gold as Collateral with Ease Tokenised digital gold can easily be used as collateral around the globe throughout the trading day. Experience True Delivery vs. Payment Euroclear Bankchain allows for simultaneous delivery vs. payment, linking bullion and payment movement to significantly reduce risk.

5 The Euroclear Bankchain service is a collaboration between Euroclear and Paxos to deliver innovative blockchain post-trade settlement infrastructure for the precious metals market. Want to learn more about Euroclear Bankchain? Contact us today to schedule a meeting EUROCLEAR Angus Scott, Head of Product Strategy and Innovation Angus.Scott@euroclear.com +44 (0) PAXOS Jason Nabi, Global Head of Business Development & Head of EMEA jnabi@paxos.com +44 (0)