This article contains content that is written like
an advertisement. (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]
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]
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]
This article contains content that is written like
an advertisement. (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]
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]
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]