Banking Giants Set to Invest in R3-Rival & Blockchain Startup Axoni
US banking giants Goldman Sachs and JPMorgan Chase are leading a number of other financial institutions to invest in blockchain startup Axoni, a report has revealed. According to Reuters, the banks are looking to invest between $15 to $20 million in the blockchain firm. While details remain scarce, the deal itself is set to be announced sometime this week. New York-based Axoni has provided its blockchain prototype for banks’ testing of the innovation for the financial services industry. At least one known and notable example is a months-long test where banks engaged in a smart contract....
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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....
Axoni, a New York-based blockchain startup has announced an $18 million Series A financing round led by banking giant Wells Fargo and Euclid Opportunities, the Fintech investment arm of prominent financial services company ICAP. 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-Prime Capital Partners along with prolific bitcoin- and blockchain-industry investors Andreessen Horowitz and Digital Currency Group also took part in the funding round. Like competitor R3, Axoni’s distributed ledger....
Eight financial firms have completed a successful test of a smart contract prototype built by blockchain startup Axoni. Announced today, participating institutions include five banks (JP Morgan, Credit Suisse, Barclays, Citi and one undisclosed participant), two financial infrastructure firms (Markit and Thomson Reuters) and business consultancy Capco. The months-long equity swaps processing tests were organized by Axoni to show that the New York firm's software is capable of handling complex post-trade services such as margin payments and corporate action processing. Further, the project....
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....
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....