Counterparty and MathMoney f(x) Create Symbiont to Make Financial Markets Smarter
Counterparty founders have joined with MathMoney f(x) and its founder Mark Smith as co-founders of the new fintech company Symbiont. Symbiont will focus on fostering the symbiotic relationship between traditional financial markets and cryptographic blockchain technology. "Since we founded Counterparty over a year ago, our focus has consistently been on....
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Counterparty, one of the first Bitcoin 2.0 platforms in existence, has come a long way since its flaming entrance into the market in 2014. To create Counterparty on top of the Bitcoin blockchain, 2,100 bitcoins were “burned.” Since then, Counterparty has established itself as a go-to platform for p2p digital asset exchange. In fact, almost two-thirds of Bitcoin 2.0 startup crowdsales have been completed on the Counterparty platform in a never-before-seen, decentralized manner. Counterparty has now teamed up with MathMoney f(x) to launch symbiont.io, a fintech company looking to build the....
Founders of Counterparty, Robby Dermody, Adam Krellenstein, and Evan Wagner, have joined forces with MathMoney f(x) and its founder Mark Smith to build the next generation financial markets platform, Symbiont.io. Symbiont.io will be based on the blockchain technology, the technology behind Bitcoin, and Counterparty. Counterparty is the most advanced Bitcoin 2.0 project and an open source platform for free financial tools on the Bitcoin network. The platform will aim to address the sticky, structural problems associated with the multi-trillion dollar securities market. "After studying the....
Smart contracts platform Symbiont has closed a $1.25m seed funding round. The company - which plans to issue smart securities on bitcoin's blockchain later this year - received funds from investors including Duncan Niederauer, former CEO at the New York Stock Exchange (NYSE) and Matt Andresen, former co-CEO of Citadel Derivatives Group. The startup grew out of the Counterparty project, which in turn provided support for Overstock's Medici project during its early stages. Several developers went on to leave Medici and later established Symbiont. Mark Smith, CEO of Symbiont, said in a....
Smart contracts platform Symbiont has issued its first "smart security". The announcement was formally unveiled at an event in New York today, during which the security was issued on the bitcoin blockchain. Symbiont aims to provide services in the nascent cryptofinance sector, and traces its roots to both Overstock's Medici project as well as the Counterparty project. Several developers, originally working on Medici, left that initiative earlier this year and later established Symbiont. Mark Smith, CEO and co-founder of Symbiont, said in a statement: "We are proud to be on the leading edge....
Spurred by private conferences and high-profile investments from leading Wall Street firms, interest in blockchain applications in the capital markets has become a driving trend in 2015. This year has already seen US stock market giant Nasdaq and online retailer Overstock announce or launch products aimed at bringing the efficiencies of the blockchain to certain sectors of the market, most prominently private equities. Among these two household names, however, is another, newer entrant: New York-based Symbiont. Though it lacks the name recognition, Symbiont is building its own buzz, having....