Axoni news

A New York-based capital markets technology firm that specializes in distributed ledger infrastructure.

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Forbes ‘Fintech 50 Rundown’ Features Coinbase, Gemini, Ripple, Circle, Bitfury and Axoni Crypto Companies

The Fintech 50 was recently released by Forbes, and it is clear that they are impressed with the way that the technology has emerged in this last year alone. In the year coming up, it looks like the blockchain leaders are the ones that will be competing with each other the most. Reported by The Block, it looks like many of these blockchain efforts will also be accompanied by attempts to partner with players that have a strong standing in the mainstream financial world. On the list, the six big blockchain players include Coinbase, Circle, Axioni, Gemini, Ripple, and Bitfury. The only non-American company on the list, Bitfury, is valued at over $1 billion. The others include the co-founders of the USDC stablecoin – Coinbase and Circle, respectively worth $8 billion and $3 billion. The latter even includes 8 million customers from over 100 countries. Coinbase has featured multiple important products this year. There have been collaborations with PayPal withdrawals, crypto-to-crypto trading, and more. They have managed to bring many crypto assets to their platform and have moved away from working on Wall Street institutional investors and have been working on their crypto side more than anything. However, this move could just be the work that the platform needs to flourish over the coming year. Axioni is the project of Goldman Sachs, working on the development of smart contracts. Primarily a fintech group, rather than an exchange, Forbes explains, “Its distributed ledger will allow counterparties to see payments, calculations, and other vital trade information in real time, proving efficiency and lowering risk. Already partnering with world’s biggest banks and financial intermediaries.” Ripple is one of the most well-known names for their many products that integrate seamlessly into both crypto and traditional markets. Finally, Gemini is the collaborative project between the Winklevoss twins. Cryptocurrency saw a great fall in 2018, bringing down Bitcoin from a high of $19,000 to under $4,000, leading the rest of the market to doubt blockchain technology and all that it entails. However, based on this listing from Forbes, it looks like the blockchain groups have performed in such a way that they have easily proven their existing value.
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HSBC Bank the Latest to Invest Millions into Axoni Enterprise Blockchain Provider, $36 Million Raised

This week, Axoni confirmed the reception of a $4 million investment from the HSBC international bank. The funding increased the entire amount raised in Axoni's Series B funding round to $36 million. Since the beginning of 2018, the company has raised a whopping $59 million. Axoni is a company that deals with the development of enterprise-level blockchain solutions for businesses. Axoni announced today that HSBC has joined its Series B funding round, bringing the total amount raised in this round to $36 million. — Axoni (@axoni) November 13, 2018 The proceeds from the aforementioned financing round will be used to improve the infrastructure for syncing data on the Axoni platform. A significant portion will also be allocated towards the improvement of Axoni’s blockchain network and DApp platform, called AxCore. Moreover, Axoni will also contribute to the development of AxLang, a smart contract coding language based on the Ethereum blockchain protocol. In exchange for their investment, the HSBC bank will integrate Axoni’s data syncing solution. The bank will also benefit by joining Axoni’s global client network. Other notable firms that have invested in Axoni include JP Morgan, Goldman Sachs, Y Combinator, Citi, and many more. Matthew Flanigan, a senior official of the HSBC bank, believes that the adoption of blockchain technology will revolutionize the capital markets. He added that the bank agreed with Axoni to develop a solution that will reduce expenses and increase the efficacy of operations in the financial sector. On the other hand, Greg Schvey, the CEO of Axoni, said that the company will profit from HSBC’s vast client base as well as their impetus to succeed. Axoni is currently integrating blockchain technology into the DTCC Trade Information Warehouse.
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Blockchain Startup Axoni Secures $4M USD Investment From HSBC

Banking giant HSBC has invested $4 million in New York-based blockchain startup Axoni. The investment is part of Axoni’s Series B funding round, bringing the total amount raised in the round to $36 million. Other investors include Goldman Sachs, NYCA Partners, Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, JP Morgan, NEX Group, Wells Fargo, and Y Combinator. Axoni serves the world’s largest financial institutions and capital markets service providers with full stack blockchain solutions. The company’s product offerings include distributed ledger technology deployments, bespoke smart contract development and analytics tools. The latest round of financing will be used to enhance Axoni’s 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 be used to further develop AxLang, a new programming language that supports functional programming and enables formal verification of smart contracts for ethereum-compatible networks. “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,” said Axoni CEO Greg Schvey. Prior to its investment, HSBC has been working with Axoni on projects to deploy the startup’s data synchronization technology for automation, auditability, and accessibility in some of the widest-reaching infrastructure in finance. “Distributed ledger technology will clearly be important in modernizing the shared infrastructure of capital markets,” said Matthew J. Flanigan, COO of HSBC Global Banking and Markets, Americas. “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.”

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

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

Top Global Banking Institutions Pledge Support to DTCC Blockchain

CoinSpeaker Top Global Banking Institutions Pledge Support to DTCC Blockchain The blockchain project for the Depository Trust & Clearing Corporation (DTCC) has now entered its testing phase along with 15 other global banks. This testing phase is said to be the last testing step before taking the blockchain live. As announced in Consensus 2018, DTCC’s distributed ledger will go live in early 2019. However, the U.K.-based banking giant Barclays is the latest to join the consortium of global banks participating in the test. Barclays and the other 14 unnamed banks will kickstart DTCC’s blockchain network and cloud-based platform for its credit derivatives Trade Information Warehouse (TIW). Before the end of this year, DTCC is likely to move it to an “open” testing phase wherein other service providers and market participants will get an opportunity to test. Lee Braine from the Investment Bank CTO Office at Barclays said: “We are pleased to be working with DTCC, our partners and colleagues on this exciting project to bring distributed ledger technology to life in a demonstrable way that will enhance efficiencies and lower costs and risks for the industry”. Creating a blockchain-based derivatives platform for TIW is one of the most critical blockchain projects for enterprise solutions. TIW currently caters to 98% of credit derivative transactions worldwide worth around $11 trillion and provides them lifecycle event processing services. TIW’s major customer base includes global market participants from around 70 countries and other global derivative dealers. To cater to such a huge customer base, the DTCC has taken a multi-vendor approach in providing DLT services. Axoni will develop the entire DLT infrastructure and smart contracts functionality using its native AxCore blockchain protocol. IBM will provide the management and integration services while R3 will act as a solution advisor. Other big financial infrastructure providers like IHS Markit’s new TradeServ platform have also joined DTCC during the recent testing phase. These giants will look after services like a re-architectured credit matching and confirmations as well as deliver foreign exchange options. All these services are likely to go live in the second quarter of the next year. The TIW acts as a one-stop record keeper for all the parties which are involved in performing lifecycle events, payment calculations and settlements, derivative trades, etc. The TIW tracks the entire process right from the initiation of the trade to its maturity. This includes processes like modifications, amendments, rate resets, corporate actions, and termination. All these processes will now be automated using Axoni’s smart contract technology. Top Global Banking Institutions Pledge Support to DTCC Blockchain
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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform Boss Crypto Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency Rakuten Wallet Launch Announced for March 30, 2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March eToro adds Tron TRX to its Platform with More than 10 Million Users -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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