Global financial institution Citi has invested in distributed ledger startup Axoni, the company announced today.
Though the exact amount wasn’t disclosed, Axoni said the bank’s contribution brought its Series A round from $18m to more than $20m.
The bank is also playing a role in Axoni’s work on a new distributed ledger solution for the Depository Trust & Clearing Corporation (DTCC). Announced in January, the project is centered around replatforming DTCC’s existing Trade Information Warehouse (TIW) by utilizing the tech.
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