R3 and Axoni to Work on Blockchain Solution for Reference Data Management
R3 and Axoni have collaborated with multiple financial institutions to create blockchain based solution for managing financial transaction related reference data. Blockchain company R3 has announced that it is entering into a strategical partnership with a correlative firm Axoni, as well as 7 other banking institutions, including Credit Suisse, AB (Alliance Bernstein) and HSBC. The New York company stated that it, and its new partners, will be jointly working on creating efficient blockchain-based automate data handling systems. The partners, as the company explained, will be working....
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Credit Suisse, Citi and HSBC are among seven financial firms to participate in a data management trial announced today and conducted with support from blockchain firms Axoni and R3CEV. Featuring buy-side and sell-side firms, the multi-month effort envisioned how a distributed ledger prototype could be built to enhance risk management, cost and efficiency issues when managing financial reference data. Also involved was the Securities Industry and Financial Markets Association (SIFMA), a trade group representing US securities firms. According to a release, the prototype used Axoni Core, the....
A group of banks is testing blockchain technology as a way to better manage reference data for the products they trade. Seven banks, including Citi, HSBC and Alliance Bernstein (AB), has joined R3, a bank consortium studying blockchain, and Axoni, a blockchain technology firm that uses blockchain in settling derivative transactions, to determine if the technology can simplify reference data processes, according to Axoni. Banks Complete Proof Of Concept. Working through the Securities Industry and Financial Markets Association (SIFMA), the companies completed a proof of concept (PoC)....
AXONI, the distributed fintech solutions company recently tested a new blockchain solution for financial institutions. The banking and financial institutions across the world have been working on development and implementation of blockchain technology based applications into their operations. The latest news about a successful trial run of a similar blockchain technology based solution comes from AXONI. In a recent press release, AXONI, a distributed ledger based financial technology solutions provider has reported that the company along with 6 other financial services providers has....
New York-based blockchain startup Axoni has raised $18m in a new funding. The Series A round was led by Wells Fargo and Euclid Opportunities, a fintech investment firm owned by financial services company ICAP. Goldman Sachs, JP Morgan, Thomson Reuters, Andreessen Horowitz, Digital Currency Group, FinTech Collective and F-Prime Capital Partners also took part in the round. Axoni is one of a number of startups in the blockchain and distributed ledger space seeking to provide services to major financial firms. In the past few months, the startup has tested smart contract and data management....
The Depository Trust & Clearing Corporation (DTCC) has announced its plans to utilize Blockchain technology to facilitate credit default swaps in collaboration with IBM, Axoni and R3CEV. Axoni and the R3 consortium are competitors within the Blockchain industry and are both backed by multi-bln dollar banks and financial institutions. Axoni, in particular, garnered the interests of Goldman Sachs and JPMorgan in December of 2016, raising $18 mln from other organizations such as Wells Fargo and ICAP. The two startups will lead the development of the DTCC’s credit default swaps processing....