Symbiont company has announced the completion of the Series B funding with $20 million investment results.
According to the company press release, the round was led by the market giant Nasdaq Ventures along with Galaxy Digital, Citi, Raptor Group. The total amount of attracted funds reached $20 million.
"Closing this round of funding enables us to accelerate investments in our platform and team," noted Symbiont CEO and Co-founder Mark Smith.
As the company commented, the received funds will be spent "to accelerate deployments across multiple business verticals including Data Management, Mortgages, Private Equity, and Syndicated Loans." Following the investment agreement, NASDAQ division will use Symbiont's Assembly smart contract platform for expansion of business solutions that are being offered to the existing and new users. The Assembly platform is said to assist new players in joining the world fo crypto assets, while the existing ones benefit from better infrastructure.
"Our investment will also include the integration of Symbiont's enterprise blockchain and smart contract platform into the Nasdaq Financial Framework. We are pleased to support this important, growing area for creating unique institutional applications of blockchain technology," said Gary Offner, Head of Nasdaq Ventures.
The company added that they carried out commercial launch of the company's several instruments this year.