A corporate-oriented startup, Symbiont completed a series of B-series financing led by Nasdaq Ventures.
By morning the this, the Series <br> we Announced Our Bed and Funding round, the which will of 'continue' Our growth as with the the a leading #blockchain platform for global #financial markets is. More info from @NasdaqVentures and Galaxy Digital: http: // novogratz https://t.ht/f1wWlURyp
– Symbiont (@SymbiontIO) 23 September 2013 p.
The startup managed to raise $ 20 million from Galaxy Digital, Citi, Raptor Group and other companies. As part of the investment agreement, the software division of the Nasdaq Financial Framework stock exchange integrates the smart contract Assembly from Symbiont with the goal of asset tokenization.
Symbiont CEO Mark Smith has promised to implement blockchain technology in traditional financial market technologies:
"Symbiont will allow Nasdaq to release financial instruments on the blockchain and smart contracts, as well as trade them through the existing matching engine, monitor what is happening on the network and then perform calculations on the blockchain"
Symbiont blockchain startup in 2015 raised $ 1.25 million of seed investments . A year later, the company closed another investment round of $ 7 million , after which the total value of the company rose to $ 70 million. In 2017, Hundsun Technologies , the founder of which is the head of Alibaba Group Jack Ma, invested in a startup.
Last year, the number of startup personnel has doubled, now 60 people work at Symbiont.
Recall that last month Nasdaq Ventures participated in the financing of the American stock exchange cryptocurrency derivatives ErisX .
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