Axoni raises $31 million from Deutsche Bank, Intel Capital and more

Axoni said Monday that it closed a new round of funding worth $31 million, bringing its total amount raised to $90 million since its inception in 2013.

Deutsche Bank, Intel Capital, and UBS participated in the equity financing round, with prior investors Citi, Goldman Sachs, HSBC, J.P. Morgan, Nyca Partners, and Wells Fargo also contributing. Axoni’s goal is to streamline ledger systems for global capital markets. 

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"We are pleased to be participating in the fundraising for this exciting company which is well placed to help drive digitalization and increase efficiency in the global capital markets," Henrik Johnsson, Deutsche Bank’s co-head of global capital markets, said in a press statement.

The founders of Axoni, Gregg and Jeff Schvey, also created the crypto market data company TradeBlock in 2013. Crypto news publication CoinDesk acquired TradeBlock early last month.

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MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.