Symbiont Partnership With Gemalto Brings Smart Securities To Traditional Finance
Thanks to their unique technology portfolio, Gemalto has become a well-established brand in the world of digital security. Whenever companies active in the world of digital security and blockchain startups meet, good things are bound to happen sooner or later. A recent partnership between Gemalto and Symbiont will lead to the use of smart contracts and other blockchain-based transactions in capital markets. The main goal of this collaboration is preventing illegal activities, such as forgery and theft. Some people may have heard the name Gemalto before, as this company is publicly traded....
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Digital security giant Gemalto has partnered with blockchain startup Symbiont to allow financial institutions to more securely execute smart contracts and blockchain-based transactions. Under the deal, Symbiont will use Gemalto's SafeNet hardware security modules (HSMs) to protect blockchain identities and transactions, with the aim of preventing theft, forgery and other types of criminal activity. The HSMs will provide protection for Symbiont's platform by "securely managing, processing and storing" cryptographic keys, Gemalto said. It added that the devices are used by a number....
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....
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....
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....
Security is of great importance to the world of Bitcoin and blockchain technology, and strategic partnerships will bring more legitimacy to this industry. Gemalto, a company, working on security solutions who recently partnered with Symbiont, has introduced their biometric security platform. The primary goal is to deploy this new feature in consumer-grade electronics shortly, which would impact Bitcoin adoption. Gemalto Focuses on Biometric Security. Consumer electronics need to be protected properly, and username and password combinations are a thing of the past. Particularly where....