More than $3 trillion swaps and forwards are executed globally and financial giants employ small armies to check every step of the process. Axoni's platform assures that every counterparty in every swap is seeing, and using, the same data.
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Axoni executes world-first blockchain equity swap with Citi and Goldman Sachs
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“When there is a break, and it could be something as silly as keying the wrong payment dates and accruing interest differently, each party has to go back into their datasets and spend hours or days digging through huge, huge chunks of data,” says Greg Schvey, 33, Axoni co-founder and CEO. “And now we can show you that instantly and in a way that both parties have full visibility into.”
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