Axiology Expands Investment Services to Simplify Institutional Access to Tokenised Funds

Axiology has secured an extension to its EU investment firm authorisation from the Bank of Lithuania, enabling the firm to provide brokerage services alongside its existing Distributed Ledger Technology (DLT) infrastructure. This regulatory expansion allows institutional investors, particularly corporate treasuries, to access tokenised money market funds through a single regulated entity covering the entire investment lifecycle.

What was announced

The Bank of Lithuania has authorised Axiology to expand its service suite to include the receipt and transmission of orders, as well as the execution of those orders on behalf of clients. These two significant investment permissions are integrated into Axiology’s existing licence, which already covered trading and settlement infrastructure. By combining these functions, the firm can now facilitate the full investment process—from order handling and execution to settlement and custody—under one regulatory framework.

The expansion is specifically aimed at simplifying institutional access to tokenised financial instruments, with a primary focus on money market funds (MMFs). Corporate treasury teams can now use Axiology to handle investment orders and manage subscriptions and redemptions directly with fund providers. This vertical integration is designed to remove the requirement for institutions to maintain separate brokerage arrangements when interacting with DLT-based assets.

The move comes as the market for tokenised MMFs experiences rapid expansion. Data from the European Central Bank indicates that the global market capitalisation for these instruments grew by approximately 110% during 2025, reaching a value of roughly €7 billion by February 2026. While this remains a small portion of the broader money market industry, the growth has increased demand for regulated infrastructure capable of supporting institutional-grade adoption. Axiology has been operating a DLT Trading and Settlement System under the EU DLT Pilot Regime since July 2025.

"Tokenisation has the potential to make capital markets much more efficient, but there’s little benefit in simplifying the technology if investors still have to navigate a complicated process to access it. For treasury teams, that means dealing with multiple providers to place an order, complete a transaction and manage their holdings."

Marius Jurgilas, CEO at Axiology

The companies involved

Axiology is a regulated European capital markets infrastructure provider that specialises in the use of distributed ledger technology to modernise trading and settlement. The firm, which operates the website axiology.xyz, has positioned itself at the forefront of the Eurosystem’s efforts to establish a tokenised financial ecosystem. It was among the initial group of DLT operators onboarded for Pontes, a system launched by the Eurosystem in September 2026 to facilitate wholesale transactions in tokenised instruments using central bank money for settlement.

The company is also a member of the Appia Contact Group, an organisation that supports the ongoing evolution of the Pontes system and the European Central Bank’s long-term strategy for digital financial infrastructure. To support its scaling efforts, Axiology has recently strengthened its leadership team, appointing industry veterans to its board, including Boris Battistini and David Newns, the former CEO of SDX. This leadership structure reflects the firm's focus on bridging the gap between traditional institutional finance and emerging digital asset infrastructure.

What FF News has reported before

FF News has closely followed Axiology’s integration into the European regulatory landscape, particularly its role in the ECB Pontes launch and the Appia Contact Group, which marked a major step in enabling wholesale DLT transactions. We also covered the firm’s strategic appointment of David Newns and Boris Battistini to its board, a move intended to scale its digital asset infrastructure.

In terms of product development, FF News reported on the partnership between Axiology and VIALET, which focused on launching tokenised money market funds specifically for client safeguarding. Furthermore, the firm’s expertise has been noted in the context of sovereign digital assets, with Axiology providing commentary as the UK Digital Gilt moved closer to market through HM Treasury’s DIGIT pilot.

What this means

This announcement highlights a shift toward vertical integration in the digital asset space. By securing brokerage permissions, Axiology is attempting to solve the fragmentation that has historically hindered institutional DLT adoption. For the broader industry, this places pressure on traditional prime brokers and custodians who have yet to integrate DLT capabilities; they now face competition from "all-in-one" providers that can theoretically offer lower friction and faster settlement times. The focus on money market funds is a calculated entry point, as these high-liquidity instruments are the most logical candidates for tokenisation. However, the sector must still address whether institutional treasuries are ready to move significant volume away from legacy banking relationships into these consolidated DLT environments.