Capital markets infrastructure provider Axiology has raised €5 million in a seed funding round to expand its activities under the EU’s DLT Pilot Regime. The round was led by Exponential Science, e2vc and Coinvest Capital, with new investors TIBAS Ventures and Plug and Play also participating. Earlier investors, including BSV Ventures and NGL Ventures, joined as well. In total, the company has now raised €7 million, according to the company in their announcement.
Axiology holds a Distributed Ledger Technology Trading and Settlement System (DLT TSS) licence, one of the most comprehensive authorisations available under the DLT Pilot Regime. This licence allows the firm to operate issuance, custody, trading and settlement of securities within a single regulated system based on distributed ledger technology. The company says its system is already live.
Fixed income and access
The new funding is intended to support Axiology’s development of tokenised securities, particularly in fixed-income instruments. The company argues that government bonds and similar products are technically suitable for issuance in smaller denominations, but that existing market infrastructure has limited retail access. Axiology’s stated goal is to use its regulated DLT-based setup to make such instruments more broadly available.
Axiology began operations in September 2025. Since then, it has introduced three services: a securities depository, shareholder registry management and a multilateral trading facility (MTF). The depository services are used by crowdfunding platforms to structure debt instruments as bonds. The shareholder registry service is live in Lithuania, with more than €21 million in shares recorded. The MTF is integrated with Axiology’s trading and settlement infrastructure and is connected to brokers.
Further expansion
The company is working with Lithuania’s Ministry of Finance on a digital-native version of the country’s Government Defence Bonds, which are currently distributed through local financial institutions. Axiology says issuing them through its system would make them available across the European Economic Area.
According to Axiology, the newly raised capital will be used to support further expansion, partnerships and interoperability, as well as preparation for participation in ECB wholesale CBDC initiatives such as the Appia and Pontes projects and a planned connection to TARGET2.
