Vanguard eyes DLT for FX forwards after smart contract success
Fund giant hopes roll-out of tech in 2022 will deliver greater efficiency and pricing benefits
Vanguard is planning to roll out distributed ledger technology (DLT) across its range of funds that utilise foreign exchange forwards throughout 2022, following a successful pilot of using smart contracts to margin a live trade at the end of last year.
The asset management giant’s fintech unit partnered with custody bank State Street and DLT provider Symbiont to test the margin calculation for a
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