Market Problem
Today’s market infrastructure is highly fragmented, with issuers, underwriters, custodians, transfer agents and investors relying on disparate data sources requiring constant reconciliation. This necessitates the use of multiple intermediaries to enable the primary issuance and secondary trading of financial assets. These layers add costs, reduce capital efficiency and slow settlement times.
Symbiont's Blockchain Solution
Symbiont makes it possible to issue, service and trade traditional debt instruments on a distributed ledger while achieving full regulatory compliance. This enables more streamlined, direct transactions among market participants, lowering operational expenses, reducing the need for intermediaries, allowing for real time settlement and freeing up capital.
Key Solutions:
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Primary Issuance: Maintain official books and records on a distributed ledger without need for central securities depositories, accelerating settlement and maintaining direct connection to investors
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Secondary Trading: Achieve T-0 trade settlement, improve liquidity in opaque markets, improve visibility into underlying asset performance
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Asset Servicing: Automate calculation and distribution of principal and interest, achieve 100% delivery of corporate action notices, eliminate reconciliation
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Asset Custody: Integrate qualified custodians where required for publicly registered securities or 40 Act fund holdings, maintaining full regulatory compliance
Features and Benefits
Unlock capital
Enable real-time settlement, increase capital velocity, decrease working capital, create new products, reach new buyers, improve execution
Ensure accuracy
Golden source of immutable data for any security or financial agreement residing on the network
Increase security
Privacy model with no central point of failure
Reduce risk
Prevent tampering, compliance gaps, third party dependencies, counterparty failures
Cut costs
Automate workflows, remove intermediaries, eliminate reconciliation