The experiment, which lasted several months, involved establishing a blockchain trade processing network via hosted and locally installed deployments of Axoni Core, the vendor's proprietary distributed-ledger software. Automated lifecycle management was tested, as well as synchronization of single-stock, index and portfolio swaps. The firms conducted 133 test cases, all of which were a success, to examine functional and non-functional capabilities of blockchain technology in the equity derivatives space.

http://www.waterstechnology.com/sell-side-technology/news/2474403/axoni-organized-group-completes-blockchain-experiment-for-equity-swaps-processing