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British multinational banking and financial services holding company HSBC has invested $36 million in a crypto startup Axion, according to the official announcement.

Axoni is a tech provider of Blockchain-as-a-Service products.

It’s said that Axoni will use investments to enhance its data synchronization tech, expand its suite of infrastructure products to support mission-critical deployments of AxCore, and broaden the network of enterprises leveraging distributed ledgers.

The CEO of Axoni, Greg Schvey, said:

"We are delighted to have the support of HSBC. Their unique combination of global reach and innovative drive make them a perfect addition to our strategic investor group.”

Earlier, the NY-based crypto startup attracted $32 million from JP Morgan, Citi, Wells Fargo & Goldman Sachs.

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