Vanguard has become the first major financial institution to deploy blockchain in core services , using it to manage the data for $ 1.3tn of assets , including its $ 800bn asset Stock asset Index index , since February . Vanguard partnered with Symbiont , which updated its core blockchain to follow index changes by the Center for Research in Security Prices , including manual reconciliations . Vanguard said the security of blockchain enhanced client trust , and has not ruled out using it for higher - stakes processes , including clearing trades , in the future .
Vanguard has become the first major financial institution to deploy blockchain in core services, using it to manage the data for $1.3tn of assets, including its $800bn Total Stock Market Index Fund, since February. Vanguard partnered with Symbiont, which used its Assembly blockchain to follow index changes by the Center for Research in Security Prices, eliminating manual reconciliations. Vanguard said the security of blockchain enhanced client trust, and has not ruled out using it for higher-stakes processes, including clearing trades, in the future.