Capital markets News

Deutsche Bank, UBS, Intel in enterprise blockchain firm Axoni $31m funding

capital markets

Yesterday enterprise blockchain firm Axoni announced it closed a $31 million funding from new investors Deutsche Bank, Intel Capital and UBS bringing total funds raised to $90 million. Existing investors also participated, including Citi, Goldman Sachs, HSBC, J.P. Morgan, Nyca Partners, and Wells Fargo.

The founders of Axoni are likely cash-rich at the moment. Back in 2013, they also started TradeBlock, a cryptocurrency analytics firm that provides pricing data, including XBX for Bitcoin. For example, the Grayscale Bitcoin Trust uses XBX for pricing. In January, Grayscale sister company Coindesk acquired TradeBlock.

Axoni’s technology is a customized version of the Ethereum blockchain.

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