Symbiont Starts Assembly Line with $20 Million Boost

Company aims to commercialize its smart-contract platform after Nasdaq-led funding round.

DLT

Blockchain company Symbiont has received $20 million in funding after closing out another funding round, which it will use to commercialize its smart-contract platform, Assembly.

The Series B funding round was led by Nasdaq Ventures which, as part of the transaction, will be embarking on a strategic partnership with Symbiont to integrate Assembly into is Financial Framework project. Other investors in this round were Galaxy Digital, Citi and Raptor Group.

The funding will be used for

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