Syndicate

Vanguard's real innovation wasn’t index funds—it was mutual ownership.

By letting funds own their management company, there was no need to profit off investors—they were the owners. This model created a flywheel: lower costs, more trust, and scale that strengthened the system.

READ THE RESEARCH PIECE BY @keikreutler ↓

Writing about how cultural narratives of technology shape what worlds we can build https://keikreutler.net 🗝️

The path to a community-owned world starts here. Build scalable, atomically composable appchains with full control over the network. syndicate.io /syndicate

READ THE RESEARCH PIECE BY @keikreutler ↓

https://syndicate.io/blog/research-piece-mutual-funds