In 2015 Bitcoin Magazine covered the launch of the fintech company Symbiont, focused on fostering a symbiotic relationship between traditional financial markets and cryptographic blockchain technology. The company raised $1.25 million of seed funding from influential financial market leaders, then in January it closed a $7 million funding round . In May, Bitcoin Magazine reported that Symbiont is working with Delaware, the state that incorporates most companies, to explore the use of blockchain technology to make its paperwork cheaper and more efficient. Now, Symbiont has announced that it has appointed Caitlin Long as President and Chairman of the Board of Directors. Long, a financial heavyweight with 22 years of corporate finance experience including stints at Morgan Stanley and Credit Suisse, will be responsible for commercializing Symbiont’s blockchain technology, encompassing business strategy and client relationships. "Caitlin brings a rare mix of deep Wall Street experience and recognized thought leadership about blockchain technology. She is the embodiment of our name and brand," said Mark Smith, CEO and co-founder of Symbiont. "Caitlin has a strong philosophical and economic foundation that allowed her to build her career by always putting the needs of her clients first. She has repeatedly proven her ability to help clients see new ways to solve problems and clients rewarded her with top market positions in every one of her businesses. We are thrilled that she’s joining our team." Symbiont has developed a platform that allows financial market participants to create programmable “Smart Securities,” self-executing digital contracts stored in a distributed ledger. Symbiont’s platform allows users to issue, manage, locate and trade Smart Securities in a global peer-to-peer financial network. "Blockchain technology will make capital markets safer, fairer and more efficient," said Long. "I chose to join Symbiont because we have better technology and are ahead of our peers. […]
