Smart Contracts Platform Symbiont Raises $1.25 Million
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....
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According to multiple sources close to Symbiont, the smart securities trading platform has closed a $7 million funding round, valuing the company at $70 million. In an email to Bitcoin Magazine , co-founder Evan Wagner declined to comment but said that the company will be making a formal announcement in the future. Symbiont, which found its genesis from the Counterparty project, was founded by former members of Medici, which is now known publicly as t0, an Overstock.com (NASDAQ: OSTK) company. According to the company’s website, “Symbiont is building the first issuance and trading platform....
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....
Smart contracts and blockchain platform Symbiont has recently hired the distinguished cryptographer Dr. Lisa Yin as its chief security officer and chief cryptographer. Dr. Yin plans to utilize her expertise to help the firm advance the Symbiont platform’s security solutions. Symbiont Hires Famous Cryptographer Who Broke SHA-1 Hash Standard. Symbiont is a....
Smart contracts platform Symbiont has announced the appointment of Maureen O'Hara to its board of advisors. Currently chairman of the board of directors of Investment Technology Group - a multinational financial markets technology firm - and former advisor of the Office of Financial Research in the US Treasury, O'Hara will be joined by Dr Keith B Jarrett; a founding executive of Thomson Financial, now known as Thomson Reuters. Mark Smith, CEO and founder of Symbiont, added: "Blockchain technology and smart securities will help restore trust in the markets, so it is imperative to convert....
The next time a tornado obliterates land and property in California or Ohio, Symbiont’s newly unveiled catastrophe swaps blockchain platform could help speed up how quickly the victims get paid out. Mississippi, on the other hand, could be out of luck. A prominent New York-based blockchain startup, Symbiont demonstrated a system of smart contracts integrated with its secretive Assembly blockchain earlier this month, showcasing how it can facilitate the automatic dispersal of funds to a group of insurers, reinsurers, investors and media. Though Symbiont has yet to reveal the innerworkings....