Last October portfolio company Axoni announced a partnership with Thomson Reuters through which Reuters would utilize Axoni's blockchain expertise. Thomson Reuters has been collaborating with both customers and innovators to explore proofs-of-concept and benefits of reduced cost, increasing efficiency, simplification from reducing the complexity of multiple ledgers and databases, synchronization of data, reducing errors, greater security and better accessibility to records.
Last year, in October, Axoni and Thomson Reuters partnered with seven other firms, including financial institutions and technology vendors, to implement a blockchain solution to synchronize post-trade life cycle management of equity swaps. The project used blockchain to reduce costs in addition to giving insight into how commercial models of financial data providers can evolve to work in distributed ledger networks. Thomson Reuters joined NEX Group, Wells Fargo, J.P. Morgan, Goldman Sachs and others as equity investors in Axoni’s most recent round of financing.