Former Morgan Stanley exec joins blockchain startup Symbiont

Rage Review : Blockchain startup Symbiont is committed to building the first platform for issuing blockchain smart securities and trading smart securities . The company's business model has attracted the attention of the Delaware government and may be applied to the filing process of private enterprises in the state. Yesterday, Symbiont announced an appointment that former Morgan Stanley and Credit Suisse executive Caitlin Long will bring her expertise and experience in distributed ledger technology to this well-known blockchain smart contract company.

Translation: Annie_Xu

Caitlin Long, a former managing director at Morgan Stanley, has joined blockchain startup Symbiont as chairwoman of the company’s board of directors.

The appointment was announced yesterday by the New York-based blockchain company, which is working to advance blockchain applications in capital markets. Long will bring her experience from Morgan Stanley and Credit Suisse to the startup, particularly her expertise in those firms’ distributed ledger working groups.

Caitlin Long

Long revealed that Symbiont has completed part of its Series A financing, which has been going on quietly, and there were rumors in the industry that it had started in early 2016. She hopes to use this platform to promote the company's technological capabilities.

“Our platform is the only smart contract platform tailor-made for the financial institution market.”

Long hopes the company can provide an effective smart contract platform, scalable blockchain technology, and the ability to develop and implement strategies comparable to those of large enterprises.

In 2014, Mark Smith and Counterparty founders Adam Krellenstein and Evan Wagner co-founded Symbiont, which has now completed $1.25 million in financing and formed a team of ten people.

The company’s most significant news to date was the announcement of a pilot project in Delaware, USA, in May this year.