United States, Feb 2, 2021 /AlexaBlockchain/ – Axoni, a blockchain based financial market infrastructure provider, has raised $31 million equity financing with participation from new strategic investors including Deutsche Bank, Intel Capital, and UBS. Existing investors including Citi, Goldman Sachs, HSBC, J.P. Morgan, Nyca Partners, and Wells Fargo also participated in the funding round. Axoni has raised a total of $90 million since inception.
Axoni is a New York-based technology firm that specializes in multi-party workflows and infrastructure. Founded in 2013 by a team of distributed systems and capital markets experts, the company offers core data infrastructure, application development, and automation tools. Axoni’s technology is used across global capital markets by the world’s leading banks, asset managers, hedge funds, and infrastructure providers. Axoni software has been deployed in a wide range of markets, including:
- North American cleared stock loan transactions in partnership with OCC
- Global credit derivatives in partnership with The Depository Trust & Clearing Corporation (DTCC)
- Global communications platform for primary issuance of corporate bonds in partnership with DirectBooks
- Global equity swaps in partnership with a consortium of leading market participants
The investment will be used for the expansion of the company’s networks across asset classes and regions. Axoni CEO, Greg Schvey, said, “We’re delighted to expand the list of Axoni’s strategic partners in this financing round and deeply appreciate the continued support from our existing investors. Aapplications of Axoni’s technology have expanded rapidly in recent years; this investment provides us with the capital and partnerships to meet that demand.”
Since its founding in 2013, Axoni’s client base has grown to include buy-side and sell-side firms, infrastructure providers, and technology companies across the United States, Europe, and Asia.
Commenting on the investment, Henrik Johnsson, Deutsche Bank’s Co-Head of Global Capital Markets, said that Axoni was well placed to help drive digitalization and increase efficiency in the global capital markets.
Other investors of Axoni, including Intel Capital, USB, Wells Fargo, and Citi have also shown huge confidence in the company and are highly bullish about its future business prospects.
Sunil Kurkure, Managing Director at Intel Capital, said:
“Axoni’s secure and scalable multi-party data networks address significant pain points across global financial markets. We are excited to play an active role supporting Axoni as they continue to drive considerable efficiency, transparency, and reliability improvements in capital markets infrastructure.”
Natalie Horton, Global Head of Capital Markets Financing at UBS, stated:
“Axoni are proving themselves to be a market leader in providing technology solutions in a digital world. We are excited to partner with them to drive solutions to benefit the future of our industry, such as enhancing our front-to-back client experience and delivering operational efficiencies.”
Tom Richardson, Head of Wells Fargo Principal Technology Investments, said:
“Since our initial investment in 2016, we are continuously impressed by Axoni’s laser focus on solving complex capital markets infrastructure challenges across multiple asset classes with their distinctive technology. We are excited to see Axoni’s strong client momentum and expanding set of capital market deployments that ensure further operational efficiency for the industry. We look forward to supporting their ongoing growth story.”
Puneet Singhvi, Citi’s Head of Financial Market Infrastructure and Blockchain Lead, said:
“Citi continues to embrace new technology solutions that enhance end-to-end client experience, mitigate risk and deliver operational efficiencies. We are excited to continue supporting and partnering with Axoni to develop post trade solutions, drive common standards and help deliver significant benefit to the industry.”