Symbiont (company)

Symbiont.io, Inc.
Delaware Corporation
Industry Blockchain technology[1]
Founded 2015
Founder Mark Smith, Adam Krellenstein, Evan Wagner, Robby Dermody
Headquarters New York City, United States
Brands Smart Security, Smart Securities[2]
Website http://symbiont.io

Symbiont is a blockchain technology company based in New York City, developing products in smart contracts and distributed ledgers for use in capital markets.[3][4] Their product provides a simple interface for specifying the terms and conditions when issuing smart securities, as well as integration with market data feeds.[2] (Smart securities are self-enforcing, self-executing smart contracts that reduce the time and cost of managing assets and transactions with traditional systems.)[1] Investors include Duncan Niederauer, former CEO of the New York Stock Exchange, and former co-head of Citadel Matt Andresen.[5] Three of the founders of Symbiont are also founders of Counterparty.[6]

As of 2016, Symbiont is working with the State of Delaware on its Delaware Blockchain Initiative, to improve capitalization table management, shareholder communications and regulatory compliance in incorporation.[7] Symbiont has partnered with digital security company Gemalto to employ their SafeNet hardware security modules to cryptographically secure data on their platform.[1] It has also partnered with Ipreo, a global financial services provider owned jointly by Goldman Sachs and Blackstone, in a joint venture, called Synaps Loans, to apply blockchain technology to the US$ 4.7 trillion global syndicated loan market, where settlement periods are around twenty days. Ipreo will contribute its Loan Trade Settlement (LTS) platform to Synaps.[8][9][10] Symbiont is a contributing member of the Hyperledger project, but Symbiont's product has an independent and proprietary codebase.[6]

References

  1. 1 2 3 Palmer, Daniel (2015-01-28). "Blockchain Startup Symbiont Partners With Security Giant Gemalto". CoinDesk. Retrieved 2016-06-01.
  2. 1 2 Allison, Ian (2015-09-28). "Smart securities issuer Symbiont fires shots in the private blockchain arms race". International Business Times. Retrieved 2016-06-01.
  3. ↑ Chavez-Dreyfuss, Gertrude (2015-06-10). "U.S. tech company raises $1.25 mln from ex-NYSE Euronext CEO, ex-Citadel trader". Reuters. Retrieved 2016-06-01.
  4. ↑ Leising, Matthew (2015-06-09). "Some Financial Heavyweights Just Invested in a Trading Platform Linked to Bitcoin". Bloomberg. Retrieved 2016-06-01.
  5. ↑ Bullock, Nicole (2015-06-09). "Ex-NYSE head among trading veterans backing blockchain start-up". Financial Times. Retrieved 2016-06-01.
  6. 1 2 Allison, Ian (2016-03-03). "Blockchain in capital markets: Symbiont lists opportunities for smart contracts". International Business Times. Retrieved 2016-06-01.
  7. ↑ Vigna, Paul (2016-05-01). "Delaware Considers Using Blockchain Technology". The Wall Street Journal. Retrieved 2016-06-01.
  8. ↑ del Castillo, Michael (2016-03-03). "Blackstone and Goldman Sachs subsidiary launches unnamed blockchain venture". New York Business Journal. Retrieved 2016-06-01.
  9. ↑ Parker, Luke (2016-03-07). "Ipreo and Symbiont to overhaul the $4.7 trillion global syndicated loans market". Brave New Coin. Retrieved 2016-06-01.
  10. ↑ Allison, Ian (2016-09-27). "Symbiont, Credit Suisse and R3 come together for syndicated loans proof of concept". International Business Times. Retrieved 2016-09-27.
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