Vanguard

Basics

• Based in Pennsylvania
• From Forbes Blockchain 50 (19-2-2020):

"Since February 2019, the fund giant has been using a blockchain to set security prices on some $1.5 trillion of its $6 trillion in holdings. Vanguard relies on tech developed by Symbiont, a New York-based startup."

• From Forbes Blockchain 50 (2-2-2021):

"In June the index-fund king announced an initiative to address the often messy process of keeping records for asset-backed securities—as loans get repackaged and sold from one party to another, important credit information can be lost. Vanguard piloted a new product—with Citi, State Street and BNY Mellon also participating—to store that loan information on a shared, unalterable ledger."

Tech

• Will use (19-2-2020): Symbiont Assembly

Team, investors, Partnerships, etc.

Team

• Key Executive: Warren Pennington, a principal in Vanguard’s investment management group (2020 & 2021)