the securities exchange, the NASDAQ is involved in a Funding round of the Blockchain-business symbiote.io Inc. In addition to the New York stock exchange, among other things, also Galaxy Digital, Citi and the Raptor Group are part of the game. The Assembly Blockchain platform is expected to be funded accordingly.
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28. January 2019BTC$3.412,27 -4.23%part Facebook Twitter LinkedIn xing mail
the NASDAQ was the first fully electronic stock exchange. This innovative attitude fueled our ambitions.“ So Nasdaq Ventures motivates its investment efforts in new technologies. According to a press release, it seems to be that it is just empty words. Along with other venture capitalists, including the Galaxy Digital, invested in the NASDAQ, a total of 20 million U.S. dollars in the Blockchain-companies symbiote.
From the newly received money blessing symbiote hopes to be able to Finance new projects. In this case, the FinTech has all the development of its Blockchain-a platform. Of which could in the medium term will also benefit the investors:
“Our partners such as Vanguard, Lewis Ranieri, and NASDAQ will benefit from the development of new distributed applications on Assembly, our Enterprise Blockchain. The Assembly, therefore, offers participants the opportunity, in the Digital Asset market and provides existing participants, an excellent infrastructure, you can build the future of financial markets“,
Mark Smith, CEO of symbiote said.
Funding flows in the Assembly platform
In Assembly it is a permissioned Blockchain, through which financial institutions, transactions, “Peer-to-Peer” can perform, as it says in the press release. Medium-term goal is to emit this also loans and investment products via the Assembly platform.
Not a crypto-newbie
NASDAQ is in terms of crypto and the Blockchain, however, is not a blank slate. In September 2018, the stock market bought the Swedish technology company Cinnober for 190 million US dollars. Cinnobers business focus is on crypto. In partnership with BitGo, the FinTech wants to build a Trading platform for institutional investors.
Read also: DX.Exchange: shares of Apple, Tesla and Facebook, soon on the Blockchain
Meanwhile, the leadership of the second largest stock exchange in the world seems to be the shock direction. Last Thursday, the 24. January, reported to BTC-ECHO the bullish attitude of the NASDAQ-Boss. In a amount of on LinkedIn Adena Friedman announced that “crypto-currencies have the potential for a global currency”.