Capital Markets · DLT Technology · Finance & Banking
Smart Contract Platform (Capital Markets & Institutional Applications)
Hi we’re Symbiont!
Symbiont have built a permissioned blockchain platform named Symbiont Assembly. Together with Ipreo, Symbiont launched Synaps, a syndicated loans platform for its Smart Loans™ product. Synaps combines Symbiont’s smart contract technology and Ipreos’ new business process solution to help speed loan trade settlement. Symbiont has also launched other smart contracts utilized for its Smart Records™ and Smart Swaps™, as well as other financial instruments within capital markets.
In June 2017, Symbiont expanded its global footprint by opening its international headquarters in the Netherlands. Together with its data partner Ipreo, Symbiont launched a joint venture, Synaps LLC. 19 firms participated in the successful pilot (including Barclays, BBVA, Danske Bank, LSTA, Royal Bank of Scotland, Scotiabank, Société Générale, State Street Corporation, TenDelta, U.S. Bank, and Wells Fargo); buy-side firms AllianceBernstein, Eaton Vance Management, KKR, and Oak Hill Advisors were also involved. Symbiont raised a combined $35.4 million across three funding rounds.
Aims to be the market-leading platform for institutional applications of blockchain technology.
Slogan / Motto
Smart Securities, Intelligent Markets
Adam Krellenstein Founder & Chief Technology Officer
Customers / Partners
Why Vanguard is convinced it needs a blockchain for over-the-counter FX trading
Quick... Vanguard partnered with Symbiont for a pilot that automated FX... Using blockchain for OTC mitigates the need for back and forth between counterparties and cuts down transaction time which means less exposure for both... OTC doesn’t have an established centralized system, making it the space where Vanguard is looking to start its blockchain...
10 months ago
Vanguard Advances Blockchain Technology Pilot
Via a partnership with technology provider Symbiont, the firm aims to streamline asset-backed securities...
a year ago
Mutual Fund Giant Vanguard Wraps Phase 1 of Digital Asset-Backed Securities Pilot
Vanguard worked with blockchain startup Symbiont, BNY Mellon, Citi, State Street and others to model the full lifecycle of digital ABS settlement.
a year ago
Vanguard, BNY Mellon, Citi, State Street complete blockchain pilot for asset backed securities
Today Vanguard announced it completed the first pilot for an asset backed securities (ABS) solution developed with Symbiont. Also involved were BNY Mellon, Citi, State Street and a “large ABS issuer” in the banking sector. Vanguard had almost $6.2 trillion in assets under management as of January this year. Asset backed securities are seen as a good match for blockchain...
a year ago
Investment manager Vanguard completes first phase of securities digitization pilot with Symbiont
Investment management giant Vanguard announced Thursday that it had finished the initial phase of an ongoing pilot focused on the digitization of asset-backed securities.
a year ago