Blockchain for Banking Capital markets News

Enterprise blockchain firm Symbiont raises $20m from Nasdaq, Citi

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Today Symbiont.io announced it closed a $20m Series B round of funding led by Nasdaq Ventures. The New York startup is one of a group of enterprise blockchain fintechs that includes R3, Digital Asset, Axoni, Clearmatics and Baton Systems. It’s working with high profile partners including Ranieri for mortgages and Vanguard for index data. Additionally, it’s developing applications for syndicated loans and private equity. Other new investors include Galaxy Digital, Citi and Raptor Group. This brings the cumulative funds raised to $36 million with the Series A raised in May 2017. Ledger Insights previously published an in-depth feature about Symbiont.

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