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Axoni announced that HSBC and UBS are now live on Veris, Axoni's distributed ledger network for equity swaps, joining a rapidly growing group of both sell-side and buy-side industry participants. Veris allows for all parties on a trade to match and confirm all trade terms upfront and remain synchronized on post-trade events such as amendments, positions, and cash flows through the lifecycle of the swap.
Carl Forsberg, Head of Accounts at Axoni said, "These firms have been instrumental in evolving the Veris product as innovative partners committed to improving what is possible in post-trade. Their strong client franchise particularly in Europe and Asia will help ensure that Veris becomes a truly global solution. We are excited to continue to partner as we scale the network."
