By CCN: Vanguard, the world’s largest provider of mutual funds, is using blockchain to power their enterprise. The investing giant, which popularized mutual funds and exchange-traded funds (ETFs) for the common investor, has been using distributed ledger technology to manage $1.3 trillion worth of index funds, Forbes reports. Vanguard’s Blockchain Manages More Than $1 Trillion in Assets Since February, Vanguard has used blockchain to manage financial data for one-quarter of its assets, valued at $1.3 trillion. More than just a one-off trial, the service is operating live for millions of customer accounts. That’s right – clients of Vanguard’s index funds
The post Vanguard’s $1.3 Trillion Blockchain Makes Bundesbank Look Foolish appeared first on CCN
Read the original post: Vanguard’s .3 Trillion Blockchain Makes Bundesbank Look Foolish
