We are pleased to share that Axoni, an FTC portfolio company focused on blockchain solutions for the capital markets, has raised an $18m Series A led by Wells Fargo and ICAP. Goldman Sachs, JP Morgan, Thomson Reuters, Andreessen Horowitz, FinTech Collective, F-Prime Capital Partners, and Digital Currency Group also participated in the round.
Axoni has established itself as a leader in distributed ledger technology for the financial services industry through a variety of successful, high-profile deployments, including the optimization of post-trade data management for credit default swaps, equity swaps, and foreign exchange derivatives, implemented in partnership with more than a dozen global banks and financial infrastructure providers. These customer use cases further validate how distributed ledger technology has the potential to streamline multi-party workflows, reduce reconciliation costs, and provide greater transparency to financial markets. “We are delighted to have strategic support from global leaders in financial services,” said Greg Schvey, CEO of Axoni. “The changes already underway based on distributed ledger technology will have a profoundly positive impact on the industry. Axoni is excited to help drive that progress alongside our investors and clients.”