Axiology secures EUR 2 million in funding to develop a revolutionary tokenized securities platform for the European market.

Information on the Target

Axiology, an innovative firm based in Vilnius, specializes in blockchain securities trading and settlement. The company recently closed a funding round amounting to EUR 2 million, primarily backed by Baltic Sandbox Ventures and Coinvest Capital, in conjunction with a group of angel investors including the NGL syndicate and other accredited business angels. This funding will be utilized to develop a fully operational and compliant tokenized securities platform, which aims to position Axiology as a leader in the European market.

Founded by Dr. Marius Jurgilas, a former board member of the Bank of Lithuania, Axiology seeks to address the challenges posed by steep operational costs that hinder both borrowing companies and small-scale investors. By leveraging advanced technologies and the recent regulatory changes in the EU, Axiology intends to reduce costs associated with issuance, trading, settlement, and reporting processes, ultimately enhancing the capital market landscape for both firms and private investors within the EU.

Industry Overview in Lithuania

The Lithuanian fintech sector has shown remarkable growth over the past few years, driven by a favorable regulatory environment and significant investments in technology. The European Union's DLT Pilot Regime marks a pivotal deve