Nasdaq leads $20m funding in blockchain firm Symbiont – FinTech Futures

- Advertisement -

Blockchain outfit Symbiont has closed a $20 million Series B funding round led by Nasdaq Ventures with participation from additional new investors including Galaxy Digital, Citi, Raptor Group, and others.

Blockchain firm Symbiont gets the cash

Symbiont has developed a platform for institutional applications of blockchain technology.

The firm will use this funding round for deployments across various sectors including data management, mortgages, private equity, and syndicated loans.

“Our investment will also include the integration of Symbiont’s enterprise blockchain and smart contract platform into the Nasdaq Financial Framework,” says Gary Offner, head of Nasdaq Ventures.

Symbiont CEO and co-founder Mark Smith says: “Leveraging our financial markets and blockchain technology experience, our anchor partners like Vanguard, Lewis Ranieri, and Nasdaq will benefit from developing new distributed applications on Assembly, our enterprise blockchain and smart contract platform.”

- Advertisement -

Assembly enables financial institutions to maintain the peer-to-peer nature of their transactions with no central authority, while also getting a shared database with end-to-end privacy.

Symbiont received a big investment by Medici Ventures back in July 2017.

source

Previous Articles:

- Advertisement -

Latest News

Elon Musk Instagram Handle Auctioned, Sparks Crypto Scam Fears

An Instagram handle using Elon Musk’s name is being auctioned in a Telegram group...

Across Protocol Founders Accused of Siphoning $23M via DAO Votes

Across Protocol’s founders are accused of directing $23 million from the protocol to their...

Sonic Now Integrated with Kaito; Social Activity Earns S Airdrop Points

Sonic is now integrated with Kaito, a Web3 information platform. Users can earn points towards...

Fed Chair Powell: Crypto Now ‘Mainstream,’ Banks to Engage More

Federal Reserve Chair Jerome Powell says the crypto industry is becoming more mainstream, and...

Sui Rebounds to $2.65 After LGHL Plans Major Token Acquisition

Sui (SUI) traded at $2.65, down 2.03% in the past 24 hours.The token rebounded...

Must Read

Top 10 Best Cryptocurrency Lending Platforms

This article needs an update. Many of the platforms listed here have closed their doors.In this article, we are presenting the best cryptocurrency lending...