Axoni readies blockchain platform for equity swaps

Service aims to smooth swaps reconciliation – ‘the Holy Grail’ – for Goldman, Citi and other backers

Blockchain

A new blockchain platform that promises to simplify the gnarled process of equity-swap reconciliation is nearing completion, and its big Wall Street backers will get the chance to try it out by year-end.

Over the past few years, Axoni, a distributed-ledger technology (DLT) firm, has been building the platform for Citigroup, Goldman Sachs, JP Morgan and other investors to make the convoluted process of reconciling equity swaps closer to a limpid one. The platform will eventually be open to any

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