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Vanguard Group seeks 'new business model,' it says, to explain blockchain pilot program it completed as key step toward issuing a paperless, tradeable asset next year

The Malvern, Pa., manager of $6.2 trillion keeps plugging away with Symbiont toward a distributed ledger that promises to reduce costs, expose errors and increase transparency.

Author Oisin Breen August 18, 2020 at 3:28 AM
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Melissa Kennedy: This pilot will ... ultimately deliver a more efficient business model that becomes the basis for the next generation of capital markets activity.


Brian Murphy

Brian Murphy

August 18, 2020 — 6:14 AM
Glad to see the investment management industry moving either in lock-step, or perhaps ahead, of the money center banks as "owning" the platforms will be key in keeping playing fields level from both sides perspectives. I agree - within a decade, blockchain technologies will be table-stakes for competing in a whole number of operational aspects of the money management industry. Surprised that firms like State Street haven't stepped into the fray...so far it seems to be only Vanguard and Fidelity (albeit in different implementations). These technologies have the potential to shift the landscape pretty dramatically in my view. Great to see.


August 18, 2020 — 9:02 PM
Brilliant curation

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