Axoni Achieves 100% Success Rate With Blockchain-based CDS
The correlation between blockchain technology and the financial industry is hard to overlook these days. A few weeks ago, several firms – including Axoni – tested the blockchain as a way to use smart contracts for single name credit default swaps. As it turns out, distributed ledgers are far more efficient than most financial players assumed. Axoni And Others Focus on Blockchain-based CDS. Established financial players have taken a vested interest in distributed ledgers to improve their own day-to-day operations. Four of the world’s biggest institutions – Bank of America, Citi, JP Morgan,....
Related News
A number of banks and financial firms have completed a long-running blockchain test involving a smart contract prototype developed by blockchain firm Axoni, for equity swaps. Following months of testing, enterprise blockchain solutions firm Axoni has revealed a long-running blockchain test processing over-the-counter (OTC) equity swaps. Participating banks include JP Morgan, Citi, Credit Suisse and Barclays. Financial support industry firms IHS Markit and Thomson Reuters, along with consultancy firm Capco also took part in the test. Fortnightly meetings were conducted among participants....
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....
Axoni capital markets technology company has announced the successful closure of its $18 million Series A fundraising round. Axoni, the leading blockchain based financial technology company has raised a total of $18 million in funding. The company completed its Series A fundraising round which saw participation from some of the leading names in the financial industry. In its latest update, the company has announced the list of investors which includes Wells Fargo, Euclid Opportunities, ICAP Fintech Investments, Goldman Sachs, JP Morgan, Thomson Reuters, Andreessen Horowitz, FinTech....
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....
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....