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Vanguard Group makes $1.15-trillion AUM bet on blockchain technology that eliminates giant daily manual process

The $4.8-trillion giant applies the 'bitcoin' decentralized ledger to CRSP-tracked AUM to match indexes and index funds in real time

Author Brooke Southall December 13, 2017 at 1:09 AM
Admin:
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Warren Pennington: Investment managers will be able to instantly distribute, receive and process index data, resulting in better benchmark tracking and significant cost savings.

Stephen Winks

Stephen Winks

December 14, 2017 — 8:49 PM
Blockchain is all about security and streamlining cost, both of which are key leadership imperatives in advisory services, doing more with less. In concert with the digitization of financial products and financial services, blockchain will make early adopters market leaders in the delivery of the most value at the lowest cost. The future is now and requires immediate action. SCW
Dean McClelland TontineTrust

Dean McClelland TontineTrust

August 27, 2019 — 11:55 AM
The next step is for Vanguard to enable settlement & custody of it's ETFs to be transacted and recorded using blockchain technology. This will enable digital pensions and investments platforms like TontineTrust to offer fully transparent pension products where every single transaction can be recorded on public ledgers.

Related Moves

Orion names 'left-brained' Natalie Wolfsen as CEO to replace Eric Clarke, and AssetMark, which synchronized its announcement, hires Michael Kim as her replacement

Orion Chairman Charles Goldman again lures his protege to self-replace, while Michael Kim was 'integral to AssetMark’s record financial performance over the past several years'

September 8, 2023 at 11:58 PM

Oisín's Bits: Betterment now a robo roll-up with Canadian IPO as catalyst • Insurers risk regulation for COVID-19 coverage delays • Vanguard shifts Asia focus to China's vast mom-pop retail market

Betterment rolls up a robo • The CFA warns insurers over COVID-19 life polices • Vanguard names Chinese fund head to pursue $6 trillion market.

March 5, 2021 at 1:16 AM

Karin Risi, who built $170-billion Vanguard Personal Advisor Services, takes new role and Matt Benchener is taking her spot as head of US retail for the $6.3 trillion manager

Risi now heads planning and still directly reports to CEO Tim Buckley and her 34 year-old understudy, Benchener gets her job at year's end.

December 4, 2020 at 2:56 AM

How Edelman Financial Engines spin-off deal became a RetireOne engine that's heating up the RIA annuity game again

The fee-based annuities marketplace of Aria Retirement Solutions adds Edelman's broker-dealer, 6,000 clients, 'hundreds of millions' in client assets and an old hand

November 20, 2019 at 10:19 PM


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