British global bank HSBC has invested $4 million into the New York-based blockchain startup Axoni with the aim to analyze how distributed ledger technology (DLT) can modernize capital markets infrastructure, Axoni said in a press release on Tuesday. HSBC is the latest investor in the startup’s Series B funding round, and it raises the fresh money from $32 million to $36 million.

Axoni will use the funding to upgrade its data synchronization technology and to expand its DLT-based system, called AxCore. The firm will also invest in AxLang, an Ethereum-compatible smart contracting language for enabling formal verification.

HSBC funding is not the first bank’s partnership with Axoni as the companies have worked together in analyzing how DLT-driven data synchronization solutions can be implemented in existing financial infrastructure incl…

This article appeared first on Cryptovest

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