Axoni announced 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. 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.
The blockchain startup 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 development of AxLang, the world’s first Ethereum-compatible smart contracting language to enable formal verification.
HSBC joins other investors such as 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.