Mark Smith, CEO and co-founder of Symbiont said that the firm is in discussions about a corporate bond issue using a distributed ledger and smart contract, which could be launched before the end of this year. Symbiont has developed a platform which allows financial firms to create programmable versions of traditional securities which is calls Smart Securities. The company also announced its plans for an initial coin offering (ICO) on May 15, 2018, with the goal of raising $1 billion through the sale of tokens based on the Ethereum blockchain.
Mark Smith, CEO and co-founder of Symbiont said that the firm is in discussions about a corporate bond issue using a distributed ledger and smart contract, which could be launched before the end of this year. Symbiont has developed a platform which allows financial firms to create programmable versions of traditional securities which is calls Smart Securities. As reported here earlier, it announced this week that it has made its first conversion of equities into blockchain holdings.