A software company that provides blockchain services to some of the biggest names in finance has filed for Chapter 11 bankruptcy protection, amid a period of restrictions on distributed ledger technology initiatives in finance.

Symbiont.io is a rare blockchain producer that appears to have won the trust of major banks and asset managers, with clients including American Century, Citi, Franklin Templeton, State Street and Vanguard.

A spokesperson for Symbiont confirmed the bankruptcy: “Given