Symbol

Symbol blockchain is the trusted, secure value exchange network for business. Symbol reduces business friction, increases trust, and expands the flow of ideas to accelerate innovation. We enable enterprises and developers, organisations and individuals to create value together. Because together, everything is possible.

Symbol is the next generation of open source, decentralized platform that will help lead the evolution of the blockchain. Symbol is built on the strengths of NEM, and shares the technical excellence, simplicity, and the strong belief system of its predecessor, with added features, flexibility, speed, and ease of use.

Symbol is the trusted, secure value exchange network for business, empowering the secure exchange of all assets and building the connection between business and blockchain.

Businesses need a platform that helps them create value through technology. They need a platform that is collaborative and open to new ways of doing things, but based on a secure network that won’t fail. They need something that won’t surprise them with problems during deployment and change management as their businesses scale.

Our platform makes the connection between enterprise, blockchains and the community, helping to reduce cost, complexity, and find new ways to create value.

We believe Symbol can help power possibility and create value by working together. Collaboration is at the heart of Symbol: it’s simple to create value together - for enterprise and developers who see possibilities. Everyone can be a part of Symbol, and every private Symbol chain can connect to it.

Businesses, organisations, communities, and individuals have ideas, business opportunities, and innovation that can create collective value for themselves and others within the ecosystem.

And we believe the next evolution of business will be about fair value exchange.

The ability to ascribe value to anything that individuals or organisations own – and exchange it fairly – will create a level playing field that removes barriers to entry and allows full participation in markets and business.

Symbol is a trusted and secure enterprise blockchain that smooths business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets. Symbol is purpose-built to help businesses cut costs, reduce complexities, and streamline innovation.

Launched in March 2021, Symbol utilizes a unique hybrid (public/private) architecture, enabling businesses to benefit from the transparency that public chains offer, while also permitting data restrictions and encryption measures to be put in place for more confidential information. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution.

XYM is the native currency of the Symbol public blockchain, and is used as the core value transfer mechanism for the blockchain.

NEM Group is a parent company designed to support the growth of the NEM ecosystem leading up to the launch of Symbol (NEM 2.0), NEM’s next generation enterprise blockchain and NEM NIS1, NEM’s original blockchain platform.

Formed in 2020 by a team of experienced leaders and enterprise experts, NEM Group is a streamlined commercial governance structure overseeing and coordinating the activities of NEM Software, NEM Trading and NEM Ventures, to ensure the delivery of Symbol and support the growth of the NEM ecosystem.

NEM Software focuses on product and business development; NEM Trading is responsible for all finances, including liquidity management, exchange support and token lending; and NEM Ventures is the venture capital and investment arm, focused on strategic partnerships.

NEM Group’s mission is to effectively coordinate and align efforts to foster the growth of a strong and healthy ecosystem that will contribute to the development of blockchain technology for generations to come.

What is NEM Group?

NEM Group is a parent company designed to support the growth of the NEM ecosystem leading up to the launch of Symbol (NEM 2.0), NEM’s next generation enterprise blockchain and NEM NIS1, NEM’s original blockchain platform.

Formed in 2020 by a team of experienced leaders and enterprise experts, NEM Group is a streamlined commercial governance structure overseeing and coordinating the activities of NEM Software, NEM Trading and NEM Ventures, to ensure the delivery of Symbol and support the growth of the NEM ecosystem.

NEM Software focuses on product and business development; NEM Trading is responsible for all finances, including liquidity management, exchange support and token lending; and NEM Ventures is the venture capital and investment arm, focused on strategic partnerships.

As people and businesses become more connected, the inability to consistently establish trust between people, businesses, organisations is being exposed.

With few solutions for this lack of trust, increased connectivity and transparency through technology is fueling further isolation and protectionism.

Individuals and businesses are less certain of who they are dealing with, questioning their authenticity and integrity, which creates barriers and destroys potential value.

The exchanges of value on which business, and society as a whole, are founded require us to be able to trust in what we own, what we owe, and what is owed to us.

And with no easy way to establish that, business systems and the creation and exchange of value, are blocked.

The absence of trust in business creates friction between organisations and across supply chains. It stifles innovation, removing value and exploits businesses’ ability to create and protect IP, at a time where collaboration & working together are key to growth.

To solve the challenges that businesses and individuals face, and to unlock the potential for innovation within, we need to adopt a collective, holistic approach to establishing trust, creating and protecting value, wherever it is and whoever has it.

Symbol will help create a balanced playing field enabling everyone to create, exchange, and protect their assets and to realise their collective value.

We will be the connector between business, blockchain, and people by providing a secure, trusted platform that unblocks, enables, and speeds up the systems and processes that underpin transactions and exchange. And provides ways of making the creation and realisation of value possible.