Axoni is an American

technology company A technology company (or tech company) is an electronics-based technological company, including, for example, business relating to digital electronics, software, and internet-related services, such as e-commerce services. Details According to ''Fo ...

that develops

blockchain A blockchain is a type of distributed ledger technology (DLT) that consists of growing lists of records, called ''blocks'', that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a ...

software for financial institutions. The company caters to trading firms, infrastructure providers, and technology companies in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

, and

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...

. The company operates Veris, a distributed ledger system used by large financial companies.

History

Axoni was established in 2013 to build and deploy institutional blockchain and distributed ledger technology similar to the one that powers

bitcoin Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...

. This system was developed with other tech companies, namely R3 and IBM. The ''permissioned distributed ledger network'' for derivatives is governed by DTCC and also uses Axcore. Axoni is also a partner of Options Clearing Corporation (OCC), one of the world's largest equity derivatives clearing organization. This platform assists

BATS Bats are mammals of the order Chiroptera.''cheir'', "hand" and πτερόν''pteron'', "wing". With their forelimbs adapted as wings, they are the only mammals capable of true and sustained flight. Bats are more agile in flight than most bi ...

, Cboe,

Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

and the

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...

Veris

In 2020, Axoni launched Veris, a distributed ledger network that manages equity swap transactions. This system is designed for matching and reconciling post-trade data on stock swaps. Companies using this network includes BlackRock Inc.,

Goldman Sachs Group Inc Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

., and Citigroup, Inc. The infrastructure functions as an equity swaps platform, where participating institutions can maintain continual reconciliation of equity swaps until they reach maturity. Trading is synchronized for a transaction throughout its lifecycle and participants are able to relay changes in real-time. Its first recorded swap involved transactions by Citi and Goldman Sachs. It is also based on the Axcore technology, adding to a suite of enterprise software that provides large-scale data management, automation, and development kits (e.g. for distributed application.

References

{{Authority control Financial services companies established in 2013 American companies established in 2013 Companies based in New York City Financial technology companies