Goldman, JPMorgan to invest in blockchain startup Axoni: sources

New York

GOLDMAN SACHS Group Inc, JPMorgan Chase & Co and a group of other financial institutions including inter-dealer broker ICAP plc's venture arm are finalising an investment in blockchain startup Axoni, people familiar with the deal said this week.

The investment will be in a range of US$15 million to US$20 million, one of the people said. It is expected to be announced this week, said the sources, who spoke on the condition of anonymity because they were not authorised to speak publicly.