Symbiont Issues First Smart Securities on Bitcoin Blockchain

Startup demos platform in front of group of business leaders, investors and media members.

symbiont
Adam Krellenstein, CTO and co-founder of Symbiont, explaining the technology behind the platform.

Symbiont smart securities, also known as smart contracts, are instruments that are programmable versions of traditional securities issued on any kind of distributed ledger (e.g. blockchain). When the security is issued on the ledger it acts autonomously, therefore eliminating firms from running manual mid- and back-office functions. "What you're going to see today is something that we believe is a shift in the conversation of how the infrastructure that drives financial markets will act