Institutions involved in equity swaps face several obstacles in today's financial landscape. Bespoke connections are required, price changes result in complications, and the potential for disputes is huge.
Axoni develops blockchain technology that is designed to solve these problems. The fintech startup provides a standardized framework and automated contract records to minimize the potential for discrepancies.
Its customers already include BlackRock, Citi and Goldman Sachs, and it has raised nearly $110 million in funding to date. With its proof of concept and funding, Axoni is setting out to provide the first real-world application of blockchain technology to the finance industry.
Freddie
Company Specialist at Welcome to the Jungle