Goldman Sachs · JP Morgan “Investing in 360 billion in Axon”

Axoni has invested $ 32 million in investment from Goldman Sachs and JP Morgan. In Series B, Goldman Sachs, Wells Fargo, JP Morgan, Citigroup and Andresen Horowitz all contributed $ 55 million.

Axis is an enterprise block chain start-up. Co-founder and CEO Greg Schvey emphasizes that this initiative is meant to make strategic alliances stronger. Traditional financial institutions are trying to innovate by applying block chains. Goldman Sachs, JP Morgan and Citigroup have already traded stock derivatives through Axcore, Axion’s block-chain platform.

Axis is a start-up in New York in 2016. The funds will cover the development of the Distributed Ledger that will be used by existing clients. Axon is currently working on a platform for dealing with derivatives using liquid core block chains for US liquidation deposit settlement agencies DTTCC and IBM. More information on Axis is available here .