Axoni, Major Banks Complete Equity Swap Pilot

Announcements, Blockchain, FinTech | November 21, 2017 By:

New York-based blockchain firm Axoni and ten other firms, including Citi, JP Morgan, and Goldman Sachs, have successfully completed a blockchain pilot for equity swaps processing.

An equity swap is an exchange of future cash flows between two parties that allows each party to diversify its income for a specified period of time while still holding its original assets.