Wall Street banks have invested another $ 32 million in blockchain startup Xobni

[Paha87]

Blockchain startup Axoni, with a focus on businesses, has completed a round of financing of series B in the amount of $ 32 million, led by Goldman Sachs and Nyca Partners.

Also in this round involved Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group. According to the startup, the round raises the total amount of Axoni venture capital raised to $ 55 million.

New York-based company Axoni said it plans to use the funds to continue development of their technology, data synchronization, and its language of smart contracts AxLang compatible with Ethereum and also increase the number of products related to its distributed registry based on the network, called the AxCore.

Greg Shway, CEO of Axoni, added in a statement that the startup "will seek to expand the number of businesses using distributed Ledger technology."

Thomas Richardson, head of market structure and e-Commerce services at Wells Fargo Securities, commented on the event:

The adoption of distributed protocols in capital markets is reminiscent of the early days of TCP / IP adoption for enterprise applications.

At the end of 2016 Axoni raised $18 million in A funding round, which at that time was headed by Wells Fargo, and such known companies as Goldman Sachs, JP Morgan, Andreessen Horowitz. Citi also later provided an undisclosed amount in may 2017.

JPMorgan and Goldman Sachs took part in a trial version of the DLT system for stock swaps at the end of 2017, which used the Axox platform for Axoni. More recently, Axoni has teamed up with Clearmatics to sign a contract to process derivative contracts on a single blockchain.

Link to the source of information (Russian) - https://altstake.io/news/banki-s-uoll-stritinvestirovali-esche-32-mln-v-blokcheyn-startapaxoni