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JP Morgan never lose 🤨

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On 5/30/2019 at 3:18 PM, Hodor said:
On 5/29/2019 at 1:51 PM, GiddyUp said:

I'm going to tag @Hodor here, do you find it interesting/curious that JP Morgan Asset Management (Japan) has a growing stake in SBI Holdings, Inc? And look, a new shareholder just recently - it's our friend the Saudi Arabian Monetary Agency (Investment Management) (1.8%). I'm surprised this doesn't get any discussion...

Nice find!  

While I'm dubious about any sort of suspected alliance between a 'money center' bank and Ripple, it's fascinating to see JP Morgan actually investing in one of their biggest allies - SBI!  :JC_thinking:

Here's another interesting tidbit about the holders of SBI Holdings shares, Vanguard has a 2.4% stake, and they have reportedly been using blockchain in stealth mode for some time... they are also the largest holder of Western Union stock (we haven't heard anything from WU in awhile). Also Blackrock is a shareholder of SBI Holdings, and Symbiont created a Ripple gateway for the enterprise "Counterparty". Three of the founders of Symbiont are also founders of Counterparty.[5] https://en.wikipedia.org/wiki/Symbiont_(company)  Anything here, you think?  @Sebastian @Hodor

SBI Holdings, Inc.


Baillie Gifford & Co. (13.6%)

J.O. Hambro Capital Management Ltd. (6.5%)

JPMorgan Asset Management (Japan) Ltd. (5.6%)

Asset Management One Co., Ltd. (4.5%)

SBI Holdings, Inc. (3.5%)

Nomura Asset Management Co., Ltd. (3.0%)

BlackRock Fund Advisors (2.9%)

The Vanguard Group, Inc. (2.4%)

Schroder Investment Management Ltd. (1.8%)

Saudi Arabian Monetary Agency (Investment Management) (1.8%)

Vanguard Is Now Using Blockchain Technology To Help Manage $1.3 Trillion In Index Funds


Jeff Kauflin  Forbes Staff        May 30, 2019, 06:37am

"Vanguard, the 44-year-old mutual giant famous for popularizing index investing, has completed one of the most noteworthy implementations of blockchain technology for a financial institution to date. It’s now using blockchain—the distributed ledger software that underpins cryptocurrencies like bitcoin—to help manage data for some of its most widely used financial products, including its largest mutual fund, the $800 billion Total Stock Market Index Fund."

"The company behind Vanguard’s blockchain experiment is Symbiont, a six-year-old New York startup with 75 employees. Symbiont’s products aim to serve different functions for financial institutions, ranging from tracking the full life cycle of a mortgage security to settling securities trades. For now, Vanguard uses Symbiont just to manage index data."

Vanguard is Making Use of Blockchain Technology To Manage its $1.3 Trillion Dollar Index Funds


By Shiraz J        May 31, 2019

"In closing out this piece, we need to make it absolutely clear that Symbiont’s latest software has “fully replaced Vanguard’s old system of manual data updates.”

Vanguard’s $1.3 Trillion Blockchain Makes Bundesbank Look Foolish

Mike LaVere 31/05/2019


"Since February, Vanguard has used blockchain to manage financial data for one-quarter of its assets, valued at $1.3 trillion. More than just a one-off trial, the service is operating live for millions of customer accounts.

That’s right – clients of Vanguard’s index funds have unknowingly been using a blockchain-based service throughout most of the year, and the company reports its implementation has been an overall success.

Vanguard’s implementation of blockchain, which includes the flagship $800 billion Total Stock Market Index Fund, represents one of the largest uses for distributed ledgers to date."


Symbiont Bridges Bitcoin and Ripple with Counterparty Gateway

APR 01, 2015  By  Allen Scott

"Symbiont.io, a fintech company looking to build the first issuance and trading platform for self-executing digital contracts that are stored on a blockchain, has announced its first product: a Ripple Gateway for Counterparty, over which XCP, Counterparty’s native currency or any other Counterparty asset may be sent."


Edited by GiddyUp
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