Focused on the corporate sector Symbiont startup has completed a financing round series B led by Nasdaq Ventures.
This morning, we announced our Series B funding round, which will continue our growth as the leading #blockchain platform for global #financial markets. More here from @NasdaqVentures and Galaxy Digital @novogratz about what this signifies for @SymbiontIO https://t.co/h1fWwlURyp
— Symbiont (@SymbiontIO) 23 January 2019 R.
The startup managed to raise $20 million from Galaxy Digital, Citi, Raptor Group and other companies. Under the investment agreement softwaree unit on the Nasdaq stock exchange Financial Framework integrates platform smart contracts Assembly from the Symbiont with the goal of tokenization assets.
Symbiont CEO mark Smith has promised to implement blockchain technology in the traditional technology of the financial market:
“The Symbiont will allow Nasdaq to issue financial instruments on the blockchain and smart contracts and trade them through the existing marcinkevage of the engine, observe what is happening in the network and then make payments in the blockchain”
Blockchain startup Symbiont in 2015 raised $1.25 million seed investment. A year later, the company closed another round of investment worth $7 million, bringing the total value of the company grew to $70 million In 2017, invested in a startup company Hundsun Technologies, whose founder is the head of Alibaba Group Jack MA.
Last year, the headcount of the startup has doubled, now in the Symbiont employs 60 people.
We will remind, last month the Nasdaq Ventures participated in the financing of the American stock exchange cryptocurrency derivatives ErisX.