Several blockchain fintechs have novel technologies. Symbiont is one of a group that includes R3, Digital Asset, Axoni, Clearmatics and perhaps Baton Systems. Symbiont has a slightly lower profile. But it has significant blockchain projects with the likes of Ipreo for syndicated lending, Ranieri for mortgages, and Vanguard for index data.
Some of these companies have technologies which have relevance beyond financial services. Many pigeon-holed R3 because it’s majority-owned by banks. However, many in the
insurance sector adopted Corda as their technology. Digital Asset also has plans outside of financial services, and in the past Symbiont has flirted with insurance and health.
In 2013 Mark Smith started
Symbiont in New York. Smith previously co-founded Lava FX, a part of the Lava Trading company bought by Citigroup in 2004. For Symbiont, he teamed up with the two blockchain pioneers behind the
CounterParty protocol, Adam Krellenstein, and Evan Wagner. They were amongst the first to recognize that the Bitcoin protocol could be used to represent other assets.
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