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Vanguard Ran Its Digital Asset-Backed Securities Pilot In 40 Minutes

Tracy CHEN

Summary: The full life of a digital asset-backed security (ABS) on a blockchain can be settled in 40 minutes versus the 10 to 14 days it would take in a paper-based setting, according to the outcome of a pilot first revealed June 11 by mutual fund giant Vanguard in partnership with blockchain startup Symbiont, Citi, BNY ...

The full life of a digital asset-backed security (ABS) on a blockchain can be settled in 40 minutes versus the 10 to 14 days it would take in a paper-based setting, according to the outcome of a pilot first revealed June 11 by mutual fund giant Vanguard in partnership with blockchain startup Symbiont, Citi, BNY Mellon, State Street and an unnamed ABS issuer.

Tracy Chen