Del. Cryptosecurities Law Has Many Taking Notice

Law360, Wilmington (August 3, 2017, 7:45 PM EDT) -- A newly effective Delaware law allowing companies to issue and manage securities via decentralized “blockchain” networks has attracted substantial and in some cases surprising interest, one executive at the center of the innovation said Thursday.

Mark Smith, CEO of smart securities company Symbiont, said that law firms have shown significant interest in the new provision of Delaware’s corporation law, which took effect Aug 1.

Symbiont was chosen as the exclusive blockchain partner for Delaware’s initial blockchain effort and will be the only platform integrated with the state Division of Corporations for registrations and UCC filings. The agency has not yet set...

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