Vanguard Improves Index Data Distribution Via Blockchain

Partnership with Symbiont and CRSP will increase capital markets transparency and automate processes essential to investment community
13 December 2017   1724

Yesterday Vanguard announced that the company in close collaboration with the Center for Research in Security Prices (CRSP) and technology provider Symbiont seeks to simplify the index data sharing process through blockchain technology.

The partnership will enable index data to move instantly between index providers and market participants over one decentralized database.

Using this platform, investment managers will be able to instantly distribute, receive, and process index data, resulting in better benchmark tracking and significant cost savings that potentially results in better returns for our clients.

 

Warren Pennington

Global Head of Investment Management Group, Vanguard

Over the last several months, CRSP has distributed daily index data to Vanguard in a testing environment through Symbiont’s blockchain platform. Delivering the data via a blockchain and automating workflows with smart contracts has served to expedite data delivery, eliminate the need for manual updates, and reduce risks.

The success of the project will enable automation of CRSP index data delivery and intra-day updates over the private blockchain network in early 2018. Vanguard, Symbiont, and CRSP will also use the results of this initiative to influence future blockchain efforts.

Monex to Open Exchange Under Coincheck Brand in USA

"New old" cryptocurrency trading platform will be focused on institutional investors; opening is planed in 2019
13 December 2018   16

Japanese online broker Monex Group Inc. announced the launch of a cryptocurrency trading platform focused on institutional investors. The new platform should start work in 2019 under the brand of Coincheck, Finance Magnates reports.

A license to provide services in all US states Monex hopes to get within a year. As the president of Monex TradeStation, John Bartleman, said, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and, possibly, XRP will be available on the platform.

In April, Monex acquired Coincheck, the victim of a hack, for $ 33.6 million. After the purchase, Monex representatives said that the cryptocurrency business plays a key role in the company's further development. The fact that Monex intends to expand its business to the US market became known in May.

It is noteworthy that earlier this month, Monex Group Inc. became one of the investors of the American stock exchange cryptocurrency derivatives ErisX. According to John Bartleman, ErisX will also serve institutional investors in the United States after regulatory approval