Pursues Sale of Assets

Company now accepting bids for asset purchase

NEW YORK–(BUSINESS WIRE)–, a technology pioneer solving complex global finance problems using enterprise blockchain solutions that was formed in 2013, announced the company is soliciting offers for a sale of its assets. The company’s chief restructuring officer (CRO) is permitted under her order of appointment to consummate the sale and is currently accepting bids, with the sale to be finalized likely by early June.

The New York-based company filed for bankruptcy protection on December 1, 2022, in the U.S. Bankruptcy Court, Southern District of New York. On March 31, 2022, Symbiont retained Huron Consulting Services LLC and Laura Marcero was appointed CRO.

The assets to be sold in the liquidation process include all intellectual property, technology, and physical equipment.

For more information about Symbiont’s assets, contact Laura Marcero, chief restructuring officer, via email at Interested parties are encouraged to submit bids by 5pm prevailing Eastern Time on May 18, 2023.

About Symbiont

Symbiont, which was formed in 2013, is a leading technology company focused on solving complex global finance problems using a novel enterprise blockchain solution. An early pioneer of smart contracts and distributed ledger technologies, Symbiont’s Assembly™ blockchain is the first enterprise platform developed to remove operational friction from the life cycle of financial instruments, while enabling real-time data sharing with optimal security and privacy.

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Laura Marcero

Chief Restructuring Officer

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