Company:Axoni
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|---|---|
| Industry | |
| Headquarters | New York City |
Key people | Greg Schvey, CEO |
| Website | axoni |
Axoni is an American technology company that develops blockchain software for financial institutions. It caters to trading firms, infrastructure providers, and technology companies in the United States, Europe, and Asia.[1] The company operates Veris, a distributed ledger system used by large financial companies.[2]
History
Axoni was established in 2013 to build and deploy institutional blockchain and distributed ledger technology similar to the one that powers bitcoin.[1]
This system was developed with other tech companies, namely, R3 and IBM.[3] The permissioned distributed ledger network for derivatives is governed by DTCC[3] and also uses Axcore.[4]
Axoni is also a partner of Options Clearing Corporation (OCC), one of the largest equity derivatives clearing organization.[5] This platform assists BATS, Cboe, Nasdaq, and the NYSE.[5]
Veris
In 2020, Axoni launched Veris, a distributed ledger network that manages equity swap transactions.[6] This system is designed for matching and reconciling post-trade data on stock swaps.[7] Companies using this network includes BlackRock Inc., Goldman Sachs Group Inc., and Citigroup, Inc.[7][2] The infrastructure functions as an equity swaps platform, where participating institutions can maintain continual reconciliation of equity swaps until they reach maturity.[8]
Trading is synchronized for a transaction throughout its lifecycle, and participants can relay changes in real-time.[6] Its first recorded swap involved transactions by Citi and Goldman Sachs.[6][9] It is also based on the Axcore technology, adding to a suite of enterprise software that provides data management, automation, and development kits (e.g., for distributed application).[10]
References
- ↑ 1.0 1.1 Castillo, Michael del. "Deutsche Bank Says $31 Million Investment Could Save Capital Markets ‘Billions’ Of Dollars, No Blockchain Necessary" (in en). https://www.forbes.com/sites/michaeldelcastillo/2021/02/01/deutsche-bank-says-31-million-blockchain-investment-could-save-capital-markets-billions-of-dollars/.
- ↑ 2.0 2.1 Brett, Charles (2021-09-15). "Axoni's Veris attracts BlackRock on equity swaps network" (in en-GB). https://www.enterprisetimes.co.uk/2021/09/15/axonis-veris-attracts-blackrock-on-equity-swaps-network/.
- ↑ 3.0 3.1 Dalhuisen, Jan H. (2019) (in en). Dalhuisen on Transnational Comparative, Commercial, Financial and Trade Law Volume 3: Financial Products, Financial Services and Financial Regulation, Seventh Edition. Oxford: Bloomsbury Publishing. pp. 339. ISBN 978-1-5099-2654-1.
- ↑ Welfare, Antony (2019) (in en). Commercializing Blockchain: Strategic Applications in the Real World. Hoboken, NJ: John Wiley & Sons. pp. 151. ISBN 978-1-119-57802-4.
- ↑ 5.0 5.1 Castillo, Michael del. "OCC Deal To Move $72 Billion In Equities To Axcore Blockchain" (in en). https://www.forbes.com/sites/michaeldelcastillo/2020/05/05/occ-deal-to-move-72-billion-in-equities-to-axcore-blockchain/.
- ↑ 6.0 6.1 6.2 "Citi and Goldman Sachs go live with blockchain equity swaps platform - The TRADE". https://www.thetradenews.com/citi-goldman-sachs-go-live-blockchain-equity-swaps-platform/.
- ↑ 7.0 7.1 "BlackRock Joins Blockchain Platform Axoni for Equity Swap Trades" (in en). Bloomberg.com. 2021-09-07. https://www.bloomberg.com/news/articles/2021-09-07/blackrock-joins-blockchain-platform-axoni-for-equity-swap-trades.
- ↑ Castillo, Michael del. "Citi, Goldman Sachs Conduct First Blockchain Equity Swap On Ethereum-Inspired Platform" (in en). https://www.forbes.com/sites/michaeldelcastillo/2020/02/06/citi-goldman-sachs-conduct-first-blockchain-equity-swap-on-ethereum-inspired-platform/.
- ↑ Leising, Matthew (2021) (in en). Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almost Destroyed It All. Hoboken, NJ: John Wiley & Sons. pp. 271. ISBN 978-1-119-60293-4.
- ↑ Brett, Charles (2021-09-15). "Axoni's Veris attracts BlackRock on equity swaps network" (in en-GB). https://www.enterprisetimes.co.uk/2021/09/15/axonis-veris-attracts-blackrock-on-equity-swaps-network/.
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