We may, as Lightning Labs CEO Elizabeth Stark said earlier this year, be entering a “bitcoin not blockchain” world, but the global banking cabal isn’t ready to capitulate on its support for enterprise blockchain products just yet. Indeed, Axoni, an enterprise blockchain startup founded in 2013, has just concluded a $32 million Series B funding round headlined by a group of Wall Street’s largest...
Note: The blockchain solution's launch date is corrected to 2021, against the earlier reported 2081. The Depository Trust & Clearing Corporation (DTCC) will use blockchain technology as the core infrastructure to rebuild platform that manages and processes $11 trillion worth of credit default swaps (CDS). Announced today, the post-trade services platform for much of the globe’s financial...
Axoni, a New York-based blockchain startup has announced an $18 million Series A financing round led by banking giant Wells Fargo and Euclid Opportunities, the Fintech investment arm of prominent financial services company ICAP. The funding round was hinted at earlier this week and sees participation from other major banks in Goldman Sachs and J.P. Morgan. Thomson Reuters, F-Prime Capital...
US banking giants Goldman Sachs and JPMorgan Chase are leading a number of other financial institutions to invest in blockchain startup Axoni, a report has revealed. According to Reuters, the banks are looking to invest between $15 to $20 million in the blockchain firm. While details remain scarce, the deal itself is set to be announced sometime this week. New York-based Axoni has provided its...
This particular test saw Wall Street firms deliberate over a four-month period.
A group of banks is testing blockchain technology as a way to better manage reference data for the products they trade.