Portfolio company Axoni has been awarded the Derivative Industry Initiative of the Year Award for 2017. The award from GlobalCapital aimed to capture the most innovative project in the derivatives market, with nominations driven by industry recommendations. You can view a full list of awards and winners here.
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Axoni wins 2017 Derivative Industry Initiative of the Year Award
The award winning project was organized by Axoni and included Barclays, Citi, Credit Suisse, J.P. Morgan, IHS Markit, Thomson Reuters, and Capco, a global financial services management consulting firm that is part of FIS. The group established a blockchain trade processing network using hosted and locally-installed deployments of AxCore, Axoni’s proprietary distributed ledger software. The project tests automated lifecycle management and synchronization of single stock, index, and portfolio swaps, as well as critical components regarding the deployment and management of the distributed ledger network.
