SWIFT announced it’s involved in a blockchain project for sharing data about corporate actions such as dividends, stock splits, and rights issues. The trial involves seven securities organizations, including American Century Investments, Citi, Vanguard and Northern Trust, using the Assembly enterprise blockchain from Symbiont.
Vanguard is a long-standing Symbiont client, and Citi is a Symbiont investor.
The challenge with corporate actions is the multiple participants between the stock and the investor, including central securities depositories (CSDs), local and global custodians and asset managers. Creating a golden record of corporate actions that is shared should reduce discrepancies.
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