Blockchain Firm Symbiont Issues Smart Securities™
Blockchain-based firm involved in capital markets Symbiont has issued the first-ever Smart Securities™ based on the Bitcoin blockchain. Symbiont had in early June announced that it is utilizing the Bitcoin blockchain to make the transfer of assets a safer and a quicker process. The firm's live platform enables institutions and investors to issue, manage, trade, clear, settle and transfer a range of financial instruments more efficiently on the decentralized and distributed peer-to-peer financial networks that are cryptographically secured. Smart Securities™ can be used in managing....
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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 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....
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....
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....