Symbiont has developed the market-leading platform for institutional applications of blockchain technology.
Symbiont is a blockchain technology company based in New York City, New York. Symbiont develops the Assembly blockchain platform, as well as programmable versions of traditional financial instruments that run on Assembly as smart contracts. Assembly distributes data across a network of computers owned and controlled by different financial institutions while preserving data confidentiality, and the smart contracts written in its proprietary language, SymPL, automate business workflows. Symbiont Assembly is used by financial institutions, including Nasdaq, Citigroup and Vanguard.
By leveraging the blockchain-powered peer-to-peer trading for investors, Vanguard plans to allow asset managers to trade currencies without involving banks as intermediaries.
Nasdaq has partnered with New Zealand based Blockchain data firm Brave New Coin to add Bitcoin (BTC) and Ethereum (ETH) indexes to its family of 40,000 indexes.
Blockchain technology company Symbiont Inc just got $20 million from a series B funding round. Nasdaq Ventures led the round and is one of Nasdaq’s biggest move towards the crypto market yet.