Citadel Executive Joins Blockchain-Based Axoni

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Headquartered in New York, Axoni the company that focuses on blockchain-based over-the-counter trade settlement has recently hired a chief executive from Citadel Tech. Financial News and others report the new Axoni executive Thomas Chippas is working with the company to develop and expand the blossoming startup. In a written statement Chippas explains his how his expertise will help the distributed ledger company:

“I believe my background in scaling small fintech firms and running global trading businesses within top tier investment banks allows me to both see opportunities and understand the challenges our clients are trying to address. Distributed ledger technology will be truly transformative and Axoni stands out from the field in our ability to deliver,”

Back in April Axoni Uses Blockchain Technology to Manage Credit Default Swaps

AxoniAxoni has made headlines recently on April 6th using blockchain technology to manage post-trade lifecycle events for credit default swaps. With help from Markit the companies also used smart contracts within the experimentation. Behind the testing were banking institutions such as Credit Suisse, JP Morgan, Chase, Bank of America,

Read more ... source: LiveBitcoinNews

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