CoinDesk

Security Token Startup Templum Shifts to Private Blockchains

Security Token Startup Templum Shifts to Private Blockchains

Security token specialist Templum is shifting from public to private blockchains.

Announced Monday, enterprise software vendor Symbiont is building a private blockchain and smart contracts system that Templum will use for future security token offerings (STOs) by its clients. Previously, the regulated broker-dealer left the choice of blockchain protocol up to the issuers, but this posed problems, Templum CEO Christopher Pallotta told CoinDesk.

Symbiont Demos Blockchain Share Issuance for DC Lawmakers

Symbiont Demos Blockchain Share Issuance for DC Lawmakers

Blockchain solutions provider Symbiont gave a public demonstration of its distributed ledger solutions at a Washington, DC, event on Tuesday.

There, founder and CEO Mark Smith gave a preview of how its Symbiont Assembly platform could be used for private equity issuance, highlighting how he believes its products, and their underlying technology, have the potential to transform how private corporations in the US are governed.

Smart Contracts Platform Symbiont Raises $1.25 Million

Smart Contracts Platform Symbiont Raises $1.25 Million

Smart contracts platform Symbiont has closed a $1.25m seed funding round. The company – which plans to issue smart securities on bitcoin's blockchain later this year – received funds from investors including Duncan Niederauer, former CEO at the New York Stock Exchange (NYSE) and Matt Andresen, former co-CEO of Citadel Derivatives Group.