Company:Symbiont

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This page is about the company. For the term in biology, see symbiosis.
Symbiont.io, Inc.
TypeDelaware Corporation
IndustryBlockchain technology[1]
Founded2015
FounderMark Smith, Adam Krellenstein, Evan Wagner, Robby Dermody
Headquarters
New York City
,
United States
BrandsSmart Security, Smart Securities[2]
Websitesymbiont.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] In December of 2017, The Vanguard Group announced a partnership with Symbiont to build a product for managing market index data on its blockchain platform. This effort, when completed, will provide a more accurate and up-to-date view to portfolio managers.[11]


References

  1. ↑ 1.0 1.1 1.2 Palmer, Daniel (2015-01-28). "Blockchain Startup Symbiont Partners With Security Giant Gemalto". CoinDesk. http://www.coindesk.com/blockchain-symbiont-security-gemalto/. Retrieved 2016-06-01. 
  2. ↑ 2.0 2.1 Allison, Ian (2015-09-28). "Smart securities issuer Symbiont fires shots in the private blockchain arms race". International Business Times. http://www.ibtimes.co.uk/smart-securities-issuer-symbiont-fires-shots-private-blockchain-arms-race-1521449. 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. http://reuters.com/article/symbiont-blockchain-idINL1N0YV1CF20150609. Retrieved 2016-06-01. 
  4. ↑ Leising, Matthew (2015-06-09). "Some Financial Heavyweights Just Invested in a Trading Platform Linked to Bitcoin". Bloomberg. https://www.bloomberg.com/news/articles/2015-06-09/symbiont-s-bitcoin-linked-trading-fix-gets-heavyweight-backing. Retrieved 2016-06-01. 
  5. ↑ Bullock, Nicole (2015-06-09). "Ex-NYSE head among trading veterans backing blockchain start-up". Financial Times. http://www.ft.com/cms/s/0/0823a136-0ead-11e5-9ae0-00144feabdc0.html. Retrieved 2016-06-01. 
  6. ↑ 6.0 6.1 Allison, Ian (2016-03-03). "Blockchain in capital markets: Symbiont lists opportunities for smart contracts". International Business Times. http://www.ibtimes.co.uk/symbiont-says-incumbents-joined-blockchain-consortia-signal-fear-not-innovation-1547398. Retrieved 2016-06-01. 
  7. ↑ Vigna, Paul (2016-05-01). "Delaware Considers Using Blockchain Technology". The Wall Street Journal. https://www.wsj.com/articles/delaware-considers-using-blockchain-technology-1462145802. Retrieved 2016-06-01. 
  8. ↑ del Castillo, Michael (2016-03-03). "Blackstone and Goldman Sachs subsidiary launches unnamed blockchain venture". New York Business Journal. http://www.bizjournals.com/newyork/news/2016/03/03/blackstone-and-goldman-sachs-subsidiary-launches.html. 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. http://bravenewcoin.com/news/ipreo-and-symbiont-to-overhaul-the-4-7-trillion-global-syndicated-loans-market/. 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. http://www.ibtimes.co.uk/symbiont-credit-suisse-r3-come-together-syndicated-loans-proof-concept-1583578. Retrieved 2016-09-27. 
  11. ↑ Eha, Brian Patrick (2017-12-12). "Vanguard leapfrogs cautious banks, unveils blockchain network plan". American Banker. https://www.americanbanker.com/news/vanguard-mutual-fund-giant-plans-blockchain-network. Retrieved 2017-12-14. 

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