Goldman Sachs leads $32m Series B funding for blockchain firm

Axoni, a provider of enterprise blockchain technology, has completed a $32m Series B financing round led by Goldman Sachs and Nyca Partners, bringing Axoni's total funding to date above $55m.

Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator all also took part in the funding round.

The New York-based firm specialises in distributed ledger infrastructure for large banks. Founded in 2013, Axoni has struck several partnerships with investment banks, asset managers, and market infrastructure companies in the past five years across  several markets including complex derivatives to high-volume foreign exchange and the credit derivatives market.

Axoni says it will use the latest round of financing to enhance its “data synchronisation” technology, and expand its suite of infrastructure products. It will also advance development of AxLang, the world's first Ethereum-compatible smart contracting language to enable formal verification.

"We believe Axoni has clearly become the leading enterprise blockchain company, and has executed in an impressive way on each of its major projects, all with top tier partners," said Hans Morris, Managing Partner of Nyca Partners.