$20 Million Funding Round in Blockchain Firm Symbiont Includes Citigroup and Nasdaq

Citigroup (NYSE:C) and Nasdaq are among a group of firms investing $20 million dollars in Symbiont.io Inc, Bloomberg reports on Jan. 23. Other investors reportedly include Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital Holdings.

Symbiont’s blockchain and smart contract platform, Assembly, will be applied in capital markets. The offering purportedly allows financial institutions to share and verify data, and uses smart contracts to accelerate settlement times for syndicated loans and streamline mortgage bond markets.

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