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HSBC joins $36M Series B round of blockchain technology company Axoni

HSBC joins $36M Series B round of blockchain technology company Axoni

Axoni, a provider of enterprise blockchain technology, announced today that HSBC has joined its Series B financing round, bringing the total amount raised in this round to $36 million and total funding to date to $59 million.

Axoni will use the latest round of financing to enhance its data synchronization technology, expand its suite of infrastructure products to support mission-critical deployments of AxCore, and broaden the network of enterprises leveraging distributed ledgers.

It will also advance the development of AxLang, the world’s first Ethereum-compatible smart contracting language to enable formal verification.

HSBC, among the largest banks in the world, brings a dynamic and global addition to Axoni’s strategic partnerships. The two firms are actively collaborating on initiatives to deploy Axoni’s data synchronization technology for automation, auditability, and accessibility in some of the widest-reaching infrastructure in finance.

HSBC joins a noteworthy group of Axoni investors, including Goldman Sachs, NYCA Partners, Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

“Distributed ledger technology will clearly be important in modernizing the shared infrastructure of capital markets. Axoni has demonstrated that they are the leader in this space and HSBC is delighted to work with them on increasing efficiency and lowering costs for the industry.”

Matthew J. Flanigan, COO of HSBC Global Banking and Markets, Americas

“We are delighted to have the support of HSBC. Their unique combination of global reach and innovative drive make them a perfect addition to our strategic investor group.”

Axoni CEO Greg Schvey

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