TheBlock
2020-07-09 22:10:14

Why Vanguard is convinced it needs a blockchain for over-the-counter FX trading

Quick TakeVanguard partnered with Symbiont for a pilot that automated FX transactionsUsing blockchain for OTC mitigates the need for back and forth between counterparties and cuts down transaction time which means less exposure for both partiesOTC doesn’t have an established centralized system, making it the space where Vanguard is looking to start its blockchain automation 

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