Axiology raises €5M seed

European capital markets infrastructure startup Axiology has raised €5 million in seed funding to scale its regulated, DLT-based trading and settlement system under the EU’s DLT Pilot Regime. The round was led by Exponential Science, e2vc and Coinvest Capital, with participation from TIBAS Ventures, Plug and Play Tech Center, BSV Ventures, NGL Ventures and others, bringing total funding to €7 million. Axiology is building a unified platform that consolidates issuance, custody, trading and settlement of tokenised securities—starting with digital fixed-income instruments—into a single regulated environment, aiming to reduce fragmentation and costs across Europe’s capital markets. The fresh capital will be used to expand its already live infrastructure, accelerate go-to-market efforts, deepen institutional partnerships and support cross-border expansion, as the company positions itself as one of the few players licensed to operate the full securities lifecycle on DLT in Europe.

Founded to tackle fragmentation in Europe’s capital markets, Axiology is building a unified infrastructure that brings issuance, custody, trading and settlement of securities into a single regulated system. The company operates under the EU’s DLT Pilot Regime and holds a Distributed Ledger Technology Trading and Settlement System (DLT TSS) licence, one of the most comprehensive and rare authorisations available in Europe. The licence allows Axiology to manage the full lifecycle of securities—particularly digital fixed-income instruments—within one compliant environment.

“Europe’s Savings and Investment Union won’t be built by policy alone – it needs new market infrastructure,” says Marius Jurgilas, Founder and CEO of Axiology. “The Market Integration Package and the DLT Pilot Regime finally give us the legal space to do that. Our system is already live, and this funding allows us to scale a unified, regulated platform for European capital markets.”

The new capital will be used to scale Axiology’s already operational system, accelerate its go-to-market strategy and expand institutional partnerships and cross-border interoperability. The company is also preparing to engage with wholesale CBDC initiatives, including the ECB’s Appia and Pontes projects, and plans to connect with TARGET2 to further streamline settlement processes.

“Europe’s capital markets are undergoing a structural shift as issuers, infrastructures and regulators look for more efficient ways to manage the lifecycle of securities,” says Jochen Metzger, Board member of Axiology and retired Bundesbank Senior Official. “Axiology is one of the few platforms able to operate each stage within a single regulated system, which is indispensable for addressing market fragmentation across Europe. This investment signals strong confidence in our ability to deliver the infrastructure that modern markets require.”

Since launching operations in September 2025, Axiology has rolled out three core services: a securities depository, shareholder registry management, and a Multilateral Trading Facility (MTF). Its depository services are already being used by crowdfunding platforms, enabling them to issue debt instruments as bonds and offer investors a broader range of asset classes. The shareholder registry service is live across Lithuania, with more than €21 million in shares recorded to date, and is slated for expansion into additional markets.

The company’s MTF, the latest addition to its stack, is integrated directly with its trading and settlement infrastructure. Brokers connected to the platform are expected to provide liquidity from day one, allowing clients to access depository, trading and settlement services within a single system—an approach Axiology says significantly reduces complexity and costs.

“Axiology is tackling one of the biggest challenges in finance today: fragmentation and limited access to core financial instruments. By rebuilding capital markets infrastructure on compliant distributed ledger systems, they are making markets faster, cheaper and more inclusive. This is exactly the type of transformative technology Exponential Science exists to support,” says Dr. Paolo Tasca, Founder, Exponential Science.

Axiology is also working with the Lithuanian Ministry of Finance on a digital-native version of the country’s Government Defence Bonds. Currently distributed through local financial institutions, the bonds could be made accessible across the entire European Economic Area if issued via Axiology’s platform, potentially widening participation to retail investors and the Lithuanian diaspora.

Built for institutional use, Axiology’s platform runs on a private, permissioned DLT network designed to ensure regulatory compliance, transaction finality and tamper-evident auditability. By using European stablecoins licensed for atomic settlement, the system enables near-instant execution, compared with traditional T+2 settlement cycles.

Axiology started its operations in September 2025. Since then, the company has introduced three services to the market: a securities depository, shareholder registry management and a Multilateral Trading Facility (MTF).

The securities depository services are already used by crowdfunding platforms. Axiology’s infrastructure enables these platforms to structure debt instruments as bonds and distributethem to their investors, allowing partners to offer a broader range of asset classes and support portfolio diversification.

The shareholder registry management service is currently live across Lithuania, with more than €21 million in shares already recorded. The company plans to expand this service to additional markets abroad.

The latest addition to Axiology’s infrastructure is its Multilateral Trading Facility (MTF). Brokers already connected to the platform ensure market activity from the first day of operation. Leveraging Axiology’s rare licence, the MTF is integrated into the company’s unified trading and settlement infrastructure, allowing clients to access depository, trading and settlement services within a single system.

“We’re excited to support Axiology alongside our co-leads in this next phase of growth. The team has built a strong platform with clear international ambition, and we look forward to working together to scale further in the region and beyond,” comments Kaan Eren, Partner at e2vc.

Built for institutional clients, Axiology’s system operates on a private, permissioned network that provides regulatory compliance, transaction finality and tamper-evident auditability. The company leverages DLT and utilises European stablecoins licensed for atomic settlement, enabling near-instant execution compared with traditional T+2 cycles.

“We are delighted to continue backing Axiology, this time alongside new international investors, as the founders work to build safe, efficient, and affordable access to Europe’s capital markets. Axiology’s vision is fully aligned with our mission to nurture a more inclusive financing ecosystem and to close key market gaps for both companies and investors,” noted Viktorija Trimbel, CEO & Managing Director of Coinvest Capital.

The newly secured capital will accelerate Axiology’s expansion, deepen institutional partnerships, support geographical expansion and interoperability efforts. The company is preparing to participate in wholesale CBDC initiatives such as the ECB’s Appia and Pontes projects and plans to connect with TARGET2 to further streamline settlement flows.

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