Vanguard’s Blockchain Platform for Foreign Exchange Will Go Live in Q3 2020

[Tnoy30]

Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions.

The Valley Forge, Pa.-based investment firm ran the pilot on Symbiont’s Assembly blockchain with participation from State Street, BNY Mellon and investment firm Franklin Templeton. Vanguard and Franklin Templeton acted as dealer banks and State Street and BNY Mellon acted as counterparty banks as well as custodians, said Symbiont’s foreign exchange lead, Joe Ziccarelli.
Read on: https://www.coindesk.com/vanguard-symbiont-blockchain-foreign-exchange-pilot-with-state-street-bny-mellon-franklin-templeton