NEM Group Launches Symbol

18 Mar 2021 — After 4 years in development, NEM Group has finally launched Symbol, its next-generation Proof-of-Stake+ Public Blockchain that can be applied to innovative projects building FinTech, healthcare and supply chain products.

From Propine, our heartiest congratulations to David Shaw, CEO of NEM Group and his team for this historic milestone.

Symbol from NEM is built to be interoperable and it supports both public and private hybrid models, trustless cross-chain swaps and its APIs easily integrate with existing systems and processes. Through its attributes, Symbol smooths business friction and eliminates the need for intermediaries while allowing the creation of specialised digital assets.

From our partnership in Oct last year, Symbol has already been integrated with Propine’s solution for the highly regulated nature of digital securities spaces. The selection of Symbol over other blockchains was based on the flexibility and ease of working with Symbol, plus its comprehensive feature set that covers most of what is needed to issue securitytokens.

Symbol has been making waves in CBDC space with the world’s first blockchain-based digital collector coin issued by the Central Bank of Lithuania, launched on platform.

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