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Vanguard, Symbiont and partners collaborate on digitalisation of currency forwards market using blockchain tech

Vanguard, Symbiont and partners collaborate on digitalisation of currency forwards market using blockchain tech

Vanguard and technology provider Symbiont, in conjunction with Bank of New York Mellon, State Street, and Franklin Templeton, are actively exploring the application of distributed ledger technology (DLT) to foreign-exchange forwards, bringing transparency and workflow efficiencies to the over-the-counter currency market.