Blockchain startup Symbiont files for bankruptcy
Clients included American Century, Citi, State Street and Vanguard
A software company that provides blockchain services to some of the biggest names in finance has filed for Chapter 11 bankruptcy protection, amid a period of retrenchment for distributed ledger technology initiatives in finance.
Symbiont.io is a rare blockchain vendor that seemed to have earned the confidence of big banks and assets managers, with clients including American Century, Citi, State Street and Vanguard.
A Symbiont spokesperson confirmed the bankruptcy: “Given current market
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