Axoni
| Company type | Private |
|---|---|
| Industry | Technology, Blockchain software, Financial technology |
| Founded | 2013 |
| Headquarters | United States |
Area served | United States, Europe, Asia |
| Products | Veris distributed ledger platform, Axcore technology |
Axoni is a United States-based technology company focused on creating blockchain software tailored for financial institutions. Its clientele includes trading firms, infrastructure providers, and technology enterprises located in the United States, Europe, and Asia. Axoni manages Veris, a distributed ledger platform utilized by prominent financial institutions.
History
Established in 2013, Axoni is dedicated to developing institutional blockchain and distributed ledger solutions inspired by bitcoin technology. The firm has partnered with industry leaders such as R3 and IBM to build a permissioned distributed ledger network specifically for derivatives, overseen by DTCC and powered by Axcore.
Axoni collaborates with the Options Clearing Corporation (OCC), a foremost entity in equity derivatives clearing. Its platform integrates with leading exchanges including BATS, Cboe, Nasdaq, and the NYSE.
Veris
In 2020, Axoni introduced Veris, a distributed ledger system designed to handle equity swap transactions. This solution enables the matching and reconciliation of post-trade stock swap data, serving clients like BlackRock Inc., Goldman Sachs Group Inc., and Citigroup, Inc. Veris acts as an equity swaps platform that supports ongoing transaction reconciliation through to maturity.
Throughout the entire transaction process, trading activities are synchronized to allow participants to communicate real-time updates. The inaugural swap recorded on the platform was between Citi and Goldman Sachs. Constructed using Axcore technology, Veris enhances Axoni's suite of enterprise software that provides tools for data management, automation, and development of distributed applications.