Under the European DLT pilot regulatory framework, licensed company Axiology completes €5 million seed round financing

PANews February 4 News, according to Ledger Insights, licensed company Axiology under the European DLT pilot regulatory framework announced the completion of a €5 million (approximately $6 million) seed round financing. This round was led by Exponential Science, e2vc, and Coinvest Capital, with new investors TIBAS Ventures and Plug and Play participating. The company’s total funding has reached €7 million. Axiology holds one of the only four “DLT Trading and Settlement System” comprehensive licenses under the EU DLT pilot scheme. The company operates on a permissioned XRP Ledger, focusing on fixed income securities and institutional markets. Since the platform’s launch in September last year, it has introduced services such as securities custody, shareholder registration management, and multilateral trading facilities. Currently, the platform supports settlement with regulated stablecoins and plans to participate in Europe’s wholesale central bank digital currency initiative, while also achieving settlement on the TARGET2 system through the European Central Bank’s Project Pontes and Project Appia.