In a first for interoperability, Axoni and Clearmatics have shown how a derivative contract written on one blockchain can be settled on another.
Financial firms including JPMorgan Chase and Goldman Sachs have carried out equity swaps over a DLT system.
Working through the issues of using ethereum's smart contract language, DTCC and Axoni move $11 trillion worth of derivatives closer to blockchain.
Global financial institution Citi has invested in distributed ledger startup Axoni, the company announced today.
The DTCC is moving $11tn-worth of derivatives transactions to a blockchain, thanks to a deal with IBM, R3CEV and Axoni.
New York-based blockchain startup Axoni has raised $18m in a new funding.
Facing threats from blockchain, the DTCC embraces startup innovators.
Axoni partners with JP Morgan and Credit Suisse to build a blockchain-based equity swaps processing prototype.
Credit Suisse, Citi and HSBC are among seven financial firms to participate in a blockchain data management trial.
ICAP is working with Axoni to build an ethereum-based smart contracts integration, but the project is being done to make it easy to swap blockchains.