State Street, Vanguard pilot tests live trade on blockchain, smart contracts

State Street announced Monday it had completed a margin calculation process for a live trade of a 30-day foreign exchange (FX) forward contract with Vanguard using blockchain technology and smart contracts to automate the collateral settlement. The $100,000 trade between the $3.9 trillion State Street, and the investment company Vanguard as counterparties was a pilot […]