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Vanguard Leveraging Blockchain to Pull Index Fund Data
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Vanguard Leveraging Blockchain to Pull Index Fund Data

Vanguard Leveraging Blockchain to Pull Index Fund Data

Fintech Nexus Staff·
FintechNews RoundupUSA
·May. 30, 2019·1 min read

Forbes reports that Vanguard is leveraging blockchain technology to ingest data on mutual funds totaling $1.3 trillion of their $5.2 trillion in assets under management; Symbiont is the company providing the service with their platform called Assembly; Vanguard uses the Center for Research in Security Prices for their indexes, but it has previously been a manual process to bring in data; now the process is automatic once any change has been made to the index by CRSP; the article notes that the same could have been achieved without blockchain, but this approach was taken to increase client trust. Source

  • Fintech Nexus Staff
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