DLTA

Investment company Vanguard Australia (Vanguard) has adopted technology firm GROW’s distributed ledger technology application (DLTA) platform. Held on R3’s Corda blockchain platform, DLTA provides a single, integrated, back-office solution for global assets. It includes a shared system of record for all fund and investor transactions and holdings. Currently, fund administration requires companies to reconcile numerous spreadsheets, deal with the differing on-premise systems of each participant and conduct operations without modern application programming interface systems. With GROW’s platform, Vanguard will benefit from cost reduction, improved security and a lower risk of manual errors