HSBC has joined portfolio company Axoni's Series B, bringing the total financing to $36m and total funding to date to $59. HSBC and Axoni are actively collaborating to deploy Axoni's data synchronization technology in some of the widest-reaching infrastructure in finane.
“Distributed ledger technology will clearly be important in modernizing the shared infrastructure of capital markets. Axoni has demonstrated that they are the leader in this space and HSBC is delighted to work with them on increasing efficiency and lowering costs for the industry,” said Matthew J. Flanigan, COO of HSBC Global Banking and Markets, Americas. “We are delighted to have the support of HSBC. Their unique combination of global reach and innovative drive make them a perfect addition to our strategic investor group,” said Axoni CEO Greg Schvey.