Why Vanguard is convinced it needs a blockchain for over-the-counter FX trading

Quick Take

  • Vanguard partnered with Symbiont for a pilot that automated FX transactions
  • Using blockchain for OTC mitigates the need for back and forth between counterparties and cuts down transaction time which means less exposure for both parties
  • OTC doesn’t have an established centralized system, making it the space where Vanguard is looking to start its blockchain automation 

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Why Vanguard is convinced it needs a blockchain for over-the-counter FX trading written by Aislinn Keely @ https://www.theblockcrypto.com/daily/71053/why-vanguard-is-convinced-it-needs-a-blockchain-for-over-the-counter-fx-trading?utm_source=rss&utm_medium=rss July 10, 2020 Aislinn Keely

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