Private Capital Market Ecosystems Meet the Blockchain

Private Capital Market Ecosystems Meet the Blockchain

In a move signaling blockchain technology’s continued advancement in the financial world, Hong Kong–based PrivateMarket.io and NY-based Symbiont announced an agreement to build an alternative investment marketplace for closed-end funds utilizing Symbiont’s SmartSecurities™ software. The parties anticipate that the marketplace will go live in late 2017.

Symbiont Adds Co-Creator of BFT-SMaRt Consensus Protocol to its Advisory Board

Symbiont Adds Co-Creator of BFT-SMaRt Consensus Protocol to its Advisory Board

Symbiont today announced that Dr. Alysson Bessani, the co-creator of the Byzantine fault-tolerant consensus protocol BFT-SMaRt, has joined the company’s advisory board. Developed in 2014, BFT-SMaRt was designed to address deficiencies in other BFT protocols such as PBFT. Assembly, Symbiont’s decentralized log component, is based on the BFT-SMaRt consensus protocol, allowing it to achieve best-in-class security, stability and performance.

Symbiont Announces Strategic Partnership and Investment from Hundsun Technologies

Symbiont Announces Strategic Partnership and Investment from Hundsun Technologies

Symbiont, the market-leading smart contracts platform for institutional applications of distributed ledger technology, today announced a strategic partnership with Chinese software giant Hundsun Technologies Inc, which includes an investment by a division of Hundsun in Symbiont’s Series A-1 round. The investment is Hundsun’s first in both the United States and in distributed ledger technology. Symbiont’s board of directors granted Hundsun a board observer seat.

Symbiont Adds Prominent Computer Scientist to its Technical Advisory Board

Symbiont Adds Prominent Computer Scientist to its Technical Advisory Board

Symbiont has appointed Dr. Zhong Shao, a Yale professor of computer science and leading expert in formal verification of software, to its Technical Advisory Board. Together, Dr. Shao and the Symbiont engineering team are applying cutting-edge techniques in programming language design and formal methods to the task of writing and publishing smart contracts in a decentralized network. Professor Shao is working closely with Symbiont to ensure that its smart contract language supports the highest levels of security and integrity in enterprise software.

Financial Institutions Move Closer to Realizing a Blockchain Solution for Syndicated Loans

Financial Institutions Move Closer to Realizing a Blockchain Solution for Syndicated Loans

Synaps combines Symbiont's leading smart contract technology and Ipreo's new business process solution to help speed loan trade settlement. Nineteen firms participated in the demonstration, including Barclays, BBVA, Danske Bank, LSTA, Royal Bank of Scotland, Scotiabank, Societe Generale, State Street Corporation, TenDelta LLC, U.S. Bank, and Wells Fargo. Influential buy-side firms AllianceBernstein (AB), Eaton Vance Management, KKR, and Oak Hill Advisors were also involved in the initiative.

Delaware Blockchain Initiative: Transforming the Foundational Infrastructure of Corporate Finance

Delaware Blockchain Initiative: Transforming the Foundational Infrastructure of Corporate Finance

This blog post is part of the Delaware law series on: The Harvard Law School Forum on Corporate Governance and Financial Regulation

Orebits & Symbiont Deploy Distributed Ledger Technology to Digitize Gold Ownership

Orebits & Symbiont Deploy Distributed Ledger Technology to Digitize Gold Ownership

Orebits Corp., a provider of digitization services for unrefined commodities, and Symbiont, a distributed ledger technology company, have partnered to bring clients of Orebits Corp. the opportunity to invest in unrefined gold via “smart certificates.” The certificates, called “orebits,” are digitized assets, backed by proven gold reserves, which can be exchanged electronically on a peer-to-peer basis. The first orebits were issued on Symbiont’s platform on March 10, 2017.

Delaware’s 2017 Resolution: Make Blockchain a Reality

Delaware’s 2017 Resolution: Make Blockchain a Reality

What's in store for Delaware's blockchain work in 2017? The US state's blockchain ombudsperson provides an update.

The 2016 Fintech Finance 35: Justin Brownhill and Neil DeSena

The 2016 Fintech Finance 35: Justin Brownhill and Neil DeSena

Institutional Investor magazine names Symbiont Director Neil DeSena of SenaHill Partners to Fintech's Most Powerful Dealmakers of 2016

Smart Contracts Pioneer Symbiont Fortifies Board of Directors

Smart Contracts Pioneer Symbiont Fortifies Board of Directors

Symbiont has appointed former SEC Commissioner Daniel Gallagher and Todd Ruppert, former CEO and President of T.Rowe Price Global Investment Services, to its Board of Directors.

Symbiont Wins Buy-Side Technology Award for Best Distributed Ledger Project

Symbiont Wins Buy-Side Technology Award for Best Distributed Ledger Project

Symbiont, a pioneer in the use of smart contract technology for financial markets, has won “Best Distributed Ledger Technology Project” in the 2016 Buy-Side Technology Awards, sponsored by WatersTechnology.

Symbiont Unveils Enterprise-Ready Distributed Ledger, Releases ‘Assembly’ Code on Github

Symbiont Unveils Enterprise-Ready Distributed Ledger, Releases ‘Assembly’ Code on Github

Symbiont announced the release of a software development kit for Assembly, the permissioned distributed ledger component of Symbiont's Smart Securities Platform.

Smart Contracts Company Symbiont Releases Enterprise-Ready Distributed Ledger

Smart Contracts Company Symbiont Releases Enterprise-Ready Distributed Ledger

The distributed ledger, called Assembly, is the first one that can be used in institutional finance.