Vanguard Ran Its Digital Asset-Backed Securities Pilot in 40 Minutes

By Nathan DiCamillo

The full life of a digital asset-backed security (ABS) on a blockchain can be settled in 40 minutes versus the 10 to 14 days it would take in a paper-based setting.


That was the outcome of a pilot first revealed June 11 by mutual fund giant Vanguard in partnership with blockchain startup Symbiont, Citi, BNY Mellon, State Street and an unnamed ABS issuer.


https://www.coindesk.com/vanguard-ran-its-digital-asset-backed-securities-pilot-in-40-minutes