Blockchain start-up raises $18 Million in series funding

Blockchain start-up raises $18 Million in series funding

In December 2016, New York-based blockchain start-up Axoni completed a $18 million Series, a funding round led by Wells Fargo and Euclid Opportunities

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In December 2016, New York-based blockchain start-up Axoni completed a $18 million Series, a funding round led by Wells Fargo and Euclid Opportunities, ICAP`s fintech investment business, wrote Axoni on their website axoni.com.

Also, other important investors such as major banks in Goldman Sachs and J.P. Morgan as well as Thomson Reuters, F-Prime Capital Partners, Andreessen Horowitz and Digital Currency Group participated in the financing round, wrote cryptocoinnews.com.

Greg Schvey, CEO of Axoni said before axoni.com: “The changes already underway based on distributed ledger technology will have a profoundly positive impact on the industry. Axoni is excited to help drive that progress alongside our investors and clients”.

Schvey, Inc. (d/b/a “Axoni”) was founded in 2013 by a team of distributed ledger technology entrepreneurs and cryptography specialists. Axoni’s product offerings include distributed ledger technology deployments, bespoke smart contract development and analytics tools, wrote axoni.com.

“Axoni has developed proprietary Smart Contract technology and has successfully validated this technology in a variety of Capital Markets use cases. We have been impressed by the high-caliber team, their deep domain knowledge, and disciplined approach to product development. We are delighted to support Axoni in the next phase of their development”, said C. Thomas Richardson, Head of Market Structure and Electronic Trading Services at Wells Fargo Securities in an interview with axoni.com.

This month The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced their partnership with IBM, Axoni and R3. According to the press release available at axoni.com, they work on a distributed ledger technology (“DTL”) framework to drive further improvements in derivatives post-trade lifecycle events.

As of today, Axoni claims to have raised $20 million in total in relation to their funding series round, reported cryptocoinnews.com.

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