Axoni

Capital Markets · Data & Analytics · DLT Technology
Axoni header

Axoni

Capital Markets · Data & Analytics · DLT Technology

DLT infrastructure provider for Capital Markets

United States, New York
$56M
Total amount raised
2013
Year of establishment
Active
Status

About

Hi we’re Axoni!


Axoni is a project that provides blockchain solutions for financial institutions and capital markets service providers. These solutions include distribute ledger technology deployments, analytics, and smart contract development.

AxCore services as the underlying framework to share and synchronise data between systems and institutions while maintaining privacy, scalability, and auditability required for capital markets. Axoni have also created their own smart contract language, AxLang, a language that allows for more efficient development and more secure smart contracts for Ethereum compatible networks. It completes to the Java Virtual Machine (JVM) and cross-compiles to the Ethereum Virtual Machine (EVM) or other private EVM byte codes (e.g Quorum, Axoni). Axoni’s technology comes with a variety of features including full data privacy, high throughput, perpetual reconciliation, service provider integrations, full lifecycle management, full-stack software solutions, modular architecture, and regulatory reporting.

In 2018 at Consensus, Axoni demonstrated how a financial derivate can be issued via smart contract, trigger a payment and then instigate a cross-chain atomic transfer of value between two distinct networks. This marked the first time a derivatives contract has been originated on one enterprise blockchain and settlement on another. It was a critical milestone for blockchain interoperability.

Axoni has raised a total of $57 million over two rounds from leading contributors such as Goldman Sachs, HSBC, and Nyca Partners. Their DLT network is also being utilised by notable participants such as Citibank, who together with Goldman Sachs and 13 other sell-side and buy-side firms conducted live trades on Axoni’s DLT equity swap platform.

Key objective

To overhaul global capital markets infrastructure. That vision has become a reality through intensive technology development and deep collaboration with the world’s leading financial institutions.

Slogan / Motto

Replatforming Capital Markets

Use cases

Post-Trade
Derivatives
Infrastructure
Blockchain Development Platform
Interoperability
Enterprise Service

Team

Team members

Jeff Schvey Chief Technology Officer

Responsibilities

Jeff oversees all technology at Axoni. He previously co-founded TradeBlock and worked as the Engineering Lead in Raytheon’s strategy group. Jeff holds a master’s degree in engineering from Cornell University.

Greg Schvey Chief Executive Officer

Responsibilities

Greg is a repeat entrepreneur and drives Axoni’s strategic execution. He previously co-founded TradeBlock and worked as a fixed income analyst at Citigroup. Greg holds a bachelor’s degree from Cornell University where he studied finance

Customers / Partners

Products

Funding

Received funding
$56,340,000
Total amount raised
6
Rounds
23
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
$4,000,000
Series B
HSBC
$32,000,000
Series B
Andreessen Horowitz
Citigroup
Coatue Management
Digital Currency Group
F-Prime Capital
Franklin Templeton
Goldman Sachs
J.P. Morgan Chase & Co.
NEX Group
Nyca Partners
Wells Fargo Strategic Capital
Y Combinator
$2,000,000
Series A
Citigroup
$18,000,000
Series A
Andreessen Horowitz
Digital Currency Group
Euclid Opportunities
F-Prime Capital
FinTech Collective
GS Growth
J.P. Morgan Chase & Co.
Thomson Reuters
Wells Fargo Strategic Capital
N/A
Seed

$340,000
Unattributed

News

Axoni raises $31 million from Deutsche Bank, Intel Capital and more

Axoni said Monday that it has closed a new round of funding worth $31 million, bringing its total amount raised to $90 since its inception in 2013. The post Axoni raises $31 million from Deutsche Bank, Intel Capital and more appeared first on The Block.


3 months ago


Investment
Axoni
Deutsche Bank AG
Intel Capital
The Block

OCC Selects Axoni to Revamp Securities Lending via Blockchain

Streamlining securities lending has emerged as one of the classic use cases for blockchain in the financial services space.


a year ago


Product update/release
Axoni

Blockchain firm Axoni lands OCC securities lending deal to handle $72 billion

Today OCC, the world’s largest equity derivatives clearing firm, announced a deal with New York enterprise blockchain startup Axoni. Together the aim is to replace the OCC security lending infrastructure with distributed ledger technology (DLT). OCC serves Nasdaq, the NYSE and CBOE. The organization acts as a central counterparty (CCP) and guarantor between security lenders and borrowers,...


a year ago


Product update/release
Partnership
Axoni
Nasdaq, Inc.
Nasdaq Blockchain
Cboe Global Markets
Cboe FX Markets

VC Andreessen Horowitz Crypto Fund II raises $515 million

Today venture capital firm Andreessen Horowitz or A16z announced it raised $515 million for a second crypto fund. That’s just two years after attracting $300 million to its first fund. The company’s existing portfolio includes Libra, Coinbase, banking enterprise blockchain firm Axoni, custody firm Anchorage and web3 firm Dfinity. In a blog post today, partners Chris Dixon and Katie Haun outlined the...


a year ago


Investment
Andreessen Horowitz (a16z)
Project Libra
Coinbase
Axoni
Anchorage
Dfinity

Goldman Sachs, Citi go live on Axoni’s DLT equity swap platform

Today startup Axoni announced that 15 sell-side and buy-side firms went live on its distributed ledger network for equity swap transactions. The first live trade was between Citi and Goldman Sachs. The key benefit of the shared ledger is removing the need for reconciliations. Typically each party will record the transaction on their books, and...


a year ago


Product update/release
Partnership
Goldman Sachs
Citigroup Inc.
Axoni