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Axoni, a New York-
The funding round was hinted at earlier this week and sees participation from other
major banks in Goldman Sachs and J.P. Morgan. Thomson Reuters, F-
Like competitor R3, Axoni’s distributed ledger prototypes and solutions have been used for distributed ledger experiments by major financial firms in the industry.
Greg Schvey, CEO of Axoni stated:
We are delighted to have strategic support from global leaders in financial services. The changes already underway based on distributed ledger technology will have a profoundly positive impact on the industry.
Earlier this year, seven Wall Street firms including four global banks successfully
tested a blockchain platform for credit default swaps, using Axoni’s technology.
The experiment also fulfilled record keeping with Wall Street’s book-
In October 206, a number of banks and financial firms completed a months-
“Axoni has developed proprietary Smart Contract technology and has successfully validated this technology in a variety of Capital Markets use cases,” said Thomas Richardson, an executive at Wells Fargo Securities.
The blockchain technology firm also participated in a distributed ledger test alongside R3 this year. Revealed in September 2016, the innovation was put to test in order to determine if reference data processes could be simplified, according to the startup. Axoni Core, the company’s proprietary distributed ledger software helped create the prototype which then simulated the management of reference data among its participants for the issuance of corporate bonds.
With its Series A round, Axoni claims to have raised $20 million in total, to date.