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Citi Invests in Blockchain Startup Axoni's Series A Round
Global financial institution Citi has invested in distributed ledger startup Axoni, the company announced today.
Global financial institution Citi has invested in distributed ledger startup Axoni, the company announced today.
Though the exact amount wasn’t disclosed, Axoni said the bank’s contribution brought its Series A round from $18m to more than $20m.
STORY CONTINUES BELOW
Axoni announced in December that it had raised funds from a group of investors including Wells Fargo, Euclid Opportunities, Andreessen Horowitz, Goldman Sachs, JP Morgan, Thomson Reuters, Digital Currency Group, FinTech Collective and F-Prime Capital Partners.
The bank is also playing a role in Axoni’s work on a new distributed ledger solution for the Depository Trust & Clearing Corporation (DTCC). Announced in January, the project is centered around replatforming DTCC's existing Trade Information Warehouse (TIW) by utilizing the tech.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Axoni.
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry.
Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
