Share this article
Blockchain Startup Symbiont Partners With Security Giant Gemalto
Digital security firm Gemalto has partnered with blockchain platform Symbiont to let financial institutions more securely execute smart contracts.
Updated Sep 11, 2021, 12:06 p.m. Published Jan 28, 2016, 5:20 p.m.
Digital security giant Gemalto has partnered with blockchain startup Symbiont to allow financial institutions to more securely execute smart contracts and blockchain-based transactions.
Under the deal, Symbiont will use Gemalto's SafeNet hardware security modules (HSMs) to protect blockchain identities and transactions, with the aim of preventing theft, forgery and other types of criminal activity.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The HSMs will provide protection for Symbiont's platform by "securely managing, processing and storing" cryptographic keys, Gemalto said. It added that the devices are used by a number of large financial institutions to protect more than $1tn dollars in financial transactions every day.
The firm explained in a statement that integrating its HSMs ensures the "highest levels of regulatory compliance and trust for cryptographic identities authorizing these transactions".
Mark Yakabuski, Gemalto's vice president of business development strategy, said:
"Bringing Gemalto's market-leading HSM security modules assurance to Symbiont's Smart Contract Blockchain solution is not only an exciting offering, but a clear step towards securing blockchain-based transactions."
Automating legacy systems
Symbiont utilises blockchains to allow institutions and investors to issue, manage and trade a range of financial instruments more efficiently over an encrypted peer-to-peer network.
These instruments, which Symbiont calls 'smart securites', are self-enforcing, self-executing contracts that can offer cost and time savings compared with transactions brokered using legacy systems.
Once a security is issued onto Symbiont's distributed ledger, it acts autonomously, eliminating the traditional manual processing of financial transactions.
Founded in 2014, Symbiont raised $1.25m in June 2015, and issued its first smart security on the bitcoin blockchain shortly after, in August.
Based in New York, the startup has roughly 10 employees and is focused on capital markets applications of blockchain teach.
Image via Shutterstock
Mehr für Sie
Was Sie wissen sollten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mehr für Sie
Aptos Slumps 7% as Token Unlock Weighs on Sentiment
Trading volumes jumped 38% above monthly averages as institutional players repositioned ahead of a scheduled token unlock.
Was Sie wissen sollten:
- APT slipped 7% to $1.69.
- Trading volumes jumped 38% above monthly averages as institutional players repositioned ahead of a scheduled token unlock.
- The selling pressure intensified as market participants positioned for the scheduled unlock of 11.3 million APT tokens, representing 1.5% of total supply flowing to core contributors and early investors
Top Stories
