Axoni
This article contains promotional content. (February 2023) |
| Company type | |
|---|---|
| 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
[edit | edit source]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
[edit | edit source]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
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