Axoni raises $20 million in equity funding to build blockchain software for financial institutions

Axoni, a New York-based fintech startup at the forefront of building the next generation of capital markets technology, has raised $20 million in equity financing led by EJF Ventures, with participation from Laurion Capital, Communitas Capital, and existing investors.

The latest round, which brings the total raised since the company’s inception to $110 million, will use the funding proceeds to facilitate further advancement of its technology as well as our continued global expansion, Axoni CEO Greg Schvey said in a statement.

Founded in 2017, Axoni helps financial institutions navigate the rapidly evolving landscape of blockchain technology. Its innovative solutions are specifically designed to streamline operations, reduce costs, and boost efficiency by tapping into the power of distributed ledger technology.

At the heart of Axoni’s offerings is the AxCore blockchain platform, a cutting-edge tool built from the ground up to meet the rigorous demands of enterprise use cases. With its unparalleled performance and scalability, this platform is fast becoming a go-to solution for institutions seeking to optimize complex financial transactions.

Axoni’s AxCore software also solves the coordination problems that have plagued the financial industry for decades. By ensuring data is continuously and accurately replicated in real-time, AxCore allows for seamless synchronization of critical information between financial institutions, significantly reducing costs, risks, and errors associated with the movement of trade data.

AxCore has already been successfully deployed across various asset classes and markets, revolutionizing the way institutions handle the internalization of data. By standardizing the process, Axoni has made it easier for companies to leverage existing familiarity with their software, further reducing costs and streamlining operations.

But Axoni is much more than just a provider of game-changing technology. Their deep industry partnerships with heavyweights like JPMorgan Chase, Citi, and Goldman Sachs are a testament to their expertise and reputation for delivering results. And with backing from top venture capital firms like Andreessen Horowitz and Coatue Management, Axoni is clearly a company to watch in the dynamic and exciting world of blockchain innovation.

“We’re delighted to add these financial technology experts to our list of partners and deeply appreciate the continued support from our existing investors,” said Axoni CEO Greg Schvey. “This investment will facilitate further advancement of our technology as well as our continued global expansion.”

Since its inception six years ago, Axoni has become a major player in the financial industry, serving an impressive client base that includes many of the world’s most prominent market infrastructure companies, asset managers, hedge funds, and global banks across the United States, Europe, and Asia.

With their mission-critical technology powering transactions worth trillions of dollars annually across international markets, Axoni has cemented its reputation as a trusted and reliable partner for institutions seeking to navigate the complex world of blockchain technology. Their innovative solutions have revolutionized the way these institutions handle critical data and transactions, streamlining operations, and reducing costs.

“Modernizing legacy financial infrastructure is essential as market participants grapple with the challenges of an increasingly real-time world. Axoni solves key data-related problems with a modular architecture resulting in improved operational efficiency and greater client satisfaction. We believe AxCore has applicability across many lines of financial services and we are excited to support the exemplary team at Axoni,” said Jonathan Bresler, Managing Partner of EJF Ventures.

“We believe Axoni is ideally positioned to serve the industry’s secular trend in post-trade operational efficiency,” said Emmanuel Naim from Laurion Capital Management. “Laurion is thrilled to participate in the company’s new round of financing.”

As Axoni continues to expand its reach and impact, it’s clear that the company is playing a key role in shaping the future of the financial industry. And with its cutting-edge technology and unparalleled expertise, Axoni is well-positioned to continue leading the way in this rapidly evolving field.

Axoni is also backed by high-profile investors including Andreessen Horowitz, Citi, CME Ventures, Coatue, DCG, Deutsche Bank, DCVC, FinTech Collective, F-Prime, Franklin Templeton, Goldman Sachs, HSBC, Intel Capital, J.P. Morgan, LSEG, Nyca Partners, UBS, Wells Fargo, and Y Combinator.