Nasdaq Invests $20M in Blockchain Startup Symbiont

Forbes has revealed exclusively that Nasdaq has invested $20 million in Series B funding of Symbiont. Symbiont are a startup blockchain company focusing on institutional adoption of blockchain technology.

The investment is the largest Nasdaq has made to date, in the enterprise blockchain industry.

Other investors in the Series B round included Citi Ventures, Galaxy Digital and Raptor Group.

As institutional investment increases, adopting blockchain technology may only be a matter of time. Stiff competition means other institutions will be looking at successes and failures with a view to keep ahead of their challengers.

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