New York-based enterprise blockchain startup Axoni has raised $32 million in a Series B investment round backed by a plethora of Wall Street finance giants.

Powerhouses Goldman Sachs and Nyca Partners led the funding round, which also included investors like Wells Fargo, JP Morgan, Andreessen Horowitz, Y Combinator, Citigroup, NEX Group, Franklin Templeton, Digital Currency Group and other prominent firms. The funding will go toward Axoni’s goal of “turning projects into products.”

Axoni will use the funds to further develop its AxCore enterprise platform – blockchain technology that will power the $11 trillion credit derivatives market – and AxLang, an Ethereum-based smart contract scripting language.

Axoni CEO Greg Schvey, says that strategic partners have always been “critical” to the company’s success, and that he’s “delighted to strengthen and expand those relationships with this financing as we continue to deploy Axoni’s technology.”

Axoni’s partners are equally elated to proceed with the partnership, with Managing Editor of Goldman Sachs Ashwin Gupta stating:

“Axoni has established itself as a market leader in enterprise blockchain, delivering solutions that can be used at scale across financial markets. We are pleased to work with them as they execute their strategy.”

Head of Market Structure for Wells Fargo, C. Thomas Richardson added:

“The adoption of distributed ledger protocols in capital markets resembles the early days of adopting TCP/IP for distributed enterprise applications. We continue to be impressed with Axoni’s ability to facilitate such adoption by identifying use cases that could benefit from blockchain technology.”

A month after Axoni closed its $18 million Series A funding round - which brings the total to over $50 million in funding after this latest round - the firm struck a partnership deal with the Depository Trust and Clearing Corporation, which processes $1.6 quadrillion in securities transactions each year.