Press Release

Selected with IBM as Paymaster for White House COVID-19 PPE Procurement

June 15, 2020•3 min read

During the COVID-19 pandemic response, Lux was selected alongside IBM to serve as paymaster for White House-directed procurement of personal protective equipment.

The engagement placed payment infrastructure at the center of a time-critical national supply chain — experience in settlement assurance and counterparty coordination that shaped the banking platform Lux went on to build.

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