News | 06.16.20
Vanguard Concludes First Phase of Blockchain Pilot
Vanguard and technology provider Symbiont have completed the first phase of a blockchain pilot designed to digitize the issuance of asset-backed securities (ABS). Vanguard said it has successfully modeled the full lifecycle of an ABS settlement on a distributed ledger technology network by replicating end-to-end transaction flows. Through this pilot and by leveraging Symbiont's distributed ledger technology network, Vanguard is looking to "transform and automate the current capital markets infrastructure to deliver better outcomes and reduce costs for market participants," it said in a news release.
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