Goldman Sachs, Wall-Street Banks Invested 32 Million Dollars In Axoni Startup

Axoni, a corporate blockchain start-up, founded in 2013, has just completed a $ 32 million round of funding for the B series, led by a group of the largest financial institutions on Wall Street.

The announced funding round was led by Goldman Sachs and Nyca Partners, as well as major financial firms such as Wells Fargo, JPMorgan, Citigroup and Franklin Templeton. The round of financing also involved more traditional investors, including the Digital Currency Group, Andreessen Horowitz and Y Combinator.

Axoni plans to use its new capital to develop its AxCore platform, which is designed to support the next generation of platforms that operate on the $ 11 trillion credit derivatives market. To this end, the company plans to pay special attention to the creation of AxLang, compatible with Ethereum.

The firm has already signed a major partnership with the Depository Trust and Clearing Corporation (DTCC), which offers clearing and settlement services for the transaction and processes transactions in the amount of 1.6 quadrillion dollars annually.

Earlier, Axoni raised $ 18 million in the series A funding round led by Wells Fargo and the NEX Group, and now the company has raised a total of $ 55 million.