BusinessWire

Leading Financial Firms to Create Code of Conduct for Digital Asset Markets

Leading Financial Firms to Create Code of Conduct for Digital Asset Markets

Ten industry-leading financial services and technology firms launched the Association for Digital Asset Markets (ADAM) to establish a Code of Conduct for emerging digital asset markets. ADAM will be the first broad-based organization of its kind in the United States to proactively seek comprehensive standards for digital asset market participants.

Ranieri Solutions and Symbiont Partner to Transform the Mortgage Industry with Blockchain Technology

Ranieri Solutions and Symbiont Partner to Transform the Mortgage Industry with Blockchain Technology

Ranieri Solutions, a financial services technology investment firm founded by Lewis S. Ranieri, father of the securitized mortgage market, has partnered with Symbiont, the market-leading blockchain and smart contract company, to explore opportunities to use Symbiont’s platform to systemically improve all aspects of the mortgage industry. The combination of Ranieri’s deep knowledge of the mortgage market coupled with Symbiont’s expertise in deploying enterprise blockchain networks led to the partnership between the firms.

Symbiont Named Fintech Company of the Year at Risk's Custody Awards

Symbiont Named Fintech Company of the Year at Risk's Custody Awards

“We are grateful to the judges for recognizing the importance of Symbiont’s platform in helping to efficiently manage custody risk,” said Mark Smith, CEO & co-founder of Symbiont. “We showed in our pilot project with 19 institutions in the syndicated loan market, via our joint venture with Ipreo called Synaps, that Symbiont’s technology could efficiently custody and transfer assets.”

WatersTechnology's Buy-Side Tech Awards Names Symbiont Best DLT Project 2017

WatersTechnology's Buy-Side Tech Awards Names Symbiont Best DLT Project 2017

“Thank you to the judges for recognizing that Symbiont’s platform adds value to the buy-side specifically, since it is a founding principle of Symbiont to partner with the buy-side to upgrade settlement processes in capital markets via blockchain and smart contracts,” said Mark Smith, CEO & co-founder of Symbiont. “Symbiont’s platform is especially fair to the buy-side because it is truly decentralized, which means all network nodes are equal and no nodes have any advantages over others. Because there are no gatekeepers in Symbiont networks, the balance of power is fair to everyone and we appreciate the buy-side recognizing the value of this.”

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.

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.