Symbiont

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Symbiont
Symbiont Logo.png
Founded 2013
Headquarters New York, New York
Key People Mark Smith, CEO; Adam Krellenstein
Products Blockchain for securities management
Twitter @SymbiontIO
LinkedIn Profile
Website Symbiont Homepage

Focusing on enterprise applications, Symbiont announced in April 2016 that it was launching its blockchain based application called Assembly, which gained speed in processing by using a technology called "containerization."[1]

History

Symbiont became a partner of the Delaware Blockchain Initiative when it was founded in 2016 by then Governor Jack Markell. A year later, the Delaware legislature enacted changes to its securities laws that enable the use of blockchain technology in the issuance and transfer of securities.[2] By February 2018, however, official enthusiasm for the blockchain had waned in light of the potential effect blockchain technologies could have on other sources of revenue in Delaware, according to Deputy Secretary of State Kristopher Knight.[3] In June 2018, the State of Delaware awarded a contract to IBM to develop a blockchain prototype for corporations automatically to track stocks and collateral assets in real time.[4]

In April 2018, Symbiont announced a partnership with Ranieri Solutions in order to create a platform for mortgage-backed securities management and trading.[5]

In January 2019, Nasdaq and Citigroup Inc. led the series B round of investment for Symbiont. Other investors included Michael Novogratz's Galaxy Digital Holdings Ltd., as well as Raptor Group Holdings, an investment company backed by Jim Pallotta.[6]

Symbiont announced on February 25, 2019 that it was partnering with Templum to develop a private blockchain for issuing and trading securities on Templum Markets.[7]

References