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.

More Industry news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
China’s bond market opened through Tradeweb
26 June 2017 | New York | Reporter: Drew Nicol
Northbound trading will begin in the initial phase, meaning overseas investors will be able to invest in the China inter-bank bond market
Brexit may push out small lenders
22 June 2017 | London | Reporter: Drew Nicol
Smaller beneficial owners are at risk of being pushed out the market by rising regulatory compliance costs, a revenue squeeze and Brexit
T2S approaches maximum speed
21 June 2017 | Berlin | Reporter: Drew Nicol
The last phase will see central securities depositories (CSDs) in Estonia, Latvia and Lithuania brought onto the platform by the final 18 September deadline
Pirum and wematch.securitiesfinancing to collaborate on post trade
20 June 2017 | London | Reporter: Mark Dugdale
Pirum Systems and wematch.securitiesfinancing have launched a collaboration focusing on securities finance trading and post-trade
Hedge funds weather US/EU slowdown in May
20 June 2017 | London | Reporter: Drew Nicol
UCITS funds continued to make gains in 2017, posting returns of 0.43 percent in May
Clearstream and ColleX collaborate on collateral
19 June 2017 | London | Reporter: Drew Nicol
Central securities depository Clearstream and collateral exchange ColleX are teaming up to improve buy-side access to triparty collateral management
Fintech providers Misys and D+H to merge
14 June 2017 | London | Reporter: Drew Nicol
The new company, Finastra, will be among the largest financial technology providers in the world