Axoni receives $18 million in Series A funding, Wall Street once again bets on blockchain

New York blockchain startup Axoni has officially announced that it has raised $18 million in Series A funding.

The round was led by Wells Fargo and Euclid Opportunities, a fintech investment firm controlled by financial services company ICAP. Other investors included Goldman Sachs, JPMorgan Chase, Thomson Reuters, Andreessen Horowitz, Digital Currency Group (DCG), FinTech Collective and F-Prime Capital Partners.

Axoni is a startup focused on blockchain and distributed ledgers, with the goal of providing services to major financial companies. In the past few months, the startup has run multiple smart contract and data management application experiments with some big-name financial companies. For example, in October this year, Axoni announced that nine financial institutions had successfully tested its blockchain prototype software, including Barclays, Credit Suisse, JPMorgan Chase, Citigroup, Thomson Reuters and other companies.

It is said that this round of financing will continue. According to investors, Axoni has received more than US$20 million in financing to date.

C. Thomas Richardson, head of Wells Fargo Securities’ market structure and electronic trading services unit, said in a statement:

“We are delighted that we can support Axoni in its next phase of growth.”