Symbiont to power modern finance with Bitcoin technology
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....
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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 the creation and positioning of this technology as a solution for structural issues in the larger financial markets," said Robby Dermody, co-founder of Counterparty and now President of Symbiont. "Symbiont is the next step in achieving that....
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....
Symbiont is a leading blockchain based smart contract solutions provider for the FinTech industry. The company's platform is built upon Bitcoin Blockchain due to its secure and stable nature. Bitcoin started off as an alternative to regular fiat currency. But over time, the underlying Blockchain technology has gained more prominence. While Bitcoin as a digital currency offers a viable alternative to fiat currency, Blockchain technology is on its way to change the whole FinTech industry. Symbiont is one such company that is leveraging upon the power of Bitcoin and Blockchain technology to....
In 2015 Bitcoin Magazine covered the launch of the fintech company Symbiont, focused on fostering a symbiotic relationship between traditional financial markets and cryptographic blockchain technology. The company raised $1.25 million of seed funding from influential financial market leaders, then in January it closed a $7 million funding round. In May, Bitcoin Magazine reported that Symbiont is working with Delaware, the state that incorporates most companies, to explore the use of blockchain technology to make its paperwork cheaper and more efficient. Now, Symbiont has announced that it....
Blockchain technology has garnered a lot of attention in the financial world, as the decentralized public ledger could transform the way the industry keeps records or handles transactions. Several banks all over the world are trying to explore the applications of blockchain technology in their internal operations while some forward-looking companies such as Overstock have experimented with the bitcoin-related technology in securities clearing. For blockchain-based private security company Symbiont, blockchain technology could spell the future of Wall Street through 'smart securities' or....