Vanguard and Symbiont Ally on Blockchain Project

With CRSP, the pilot will bring index data immediately to asset managers' networks.

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Symbiont president Caitlin Long says the initiative is open to other asset managers as well.

The three firms launched an advanced pilot to use blockchain technology in order to distribute index data and bringing the information directly into Vanguard’s systems, without the need to constantly monitor the CRSP website. The final product is expected to be released sometime in 2018.

Symbiont president and chairman Caitlin Long says the move was envisioned as a means to upgrade the current distribution model of index data providers like CRSP without compromising its subscription model.

“We

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