Portfolio company Axoni and Citi have already collaborated on high-profile distributed ledger deployments, including the optimization of post-trade data management and collaborative management of trade reference data.
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Citi Joins Axoni’s Series A, Bringing Total Raise to Over $20 Million
Citi continues to be actively engaged in various live projects with Axoni, including the replatforming of the DTCC Trade Information Warehouse, which seeks to further streamline, automate, and reduce the cost of derivatives processing across the financial services industry. Axoni was also recently selected as the provider of distributed ledger technology for post-trade data management in NEX Group’s Harmony network, the world’s leading connectivity provider for foreign exchange trade data between prime brokers and their clients. “Having the support and domain expertise of a world-class institution such as Citi will allow us to execute our vision even more broadly and rapidly – we are delighted to have Citi join Axoni’s investor group,” said Greg Schvey, CEO of Axoni.
