12 May 2017
New York
Reporter: Drew Nicol

Citi joins Axoni’s financing round for DLT


Distributed ledger technology developer Axoni has secured Citi as a contributor to its funding round, bringing the total amount raised to more than $20 million.

Citi and Axoni previously collaborated on a number of DLT projects that focused on optimisation of post-trade data management for credit default swaps and equity swaps, as well as the collaborative management of reference data among industry participants.

Axoni is also the distributed ledger technology provider 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.

Other investors include Wells Fargo, NEX Group, J.P. Morgan, Goldman Sachs, and Thomson Reuters, among others.

“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.

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