Axiology Starts Trading for Tokenised Bonds
- Julija Mačiulskė
- Dec 23
- 2 min read
Axiology has executed the first live trade on its Distributed Ledger Technology Trading and Settlement System (DLT TSS), activating regulated secondary-market trading for tokenised fixed-income instruments.
With this transaction, Axiology’s Multilateral Trading Facility (MTF) is now operational, completing an end-to-end market infrastructure that combines issuance, trading, settlement and safekeeping within a single regulated system.
Capital markets have long struggled to bring secondary-market liquidity into digital securities. Issuance has moved faster than trading, leaving many instruments confined to closed environments or bilateral arrangements. As a result, liquidity remains fragmented and access constrained, despite growing demand for digital-native investment products.
With secondary trading now live, Axiology takes a concrete step toward unlocking liquidity for digital securities. By operating trading, settlement and safekeeping on a permissioned distributed ledger, transactions are executed with immediate finality and reduced reliance on fragmented post-trade processes. This architecture allows secondary markets to function continuously and transparently, while meeting the operational and regulatory standards expected by brokers, custodians and investors alike.
Through a single regulated venue, brokers can access multiple market participants without having to set up individual trading arrangements with each counterparty. One integration replaces many separate connections, lowering operational complexity and expanding market reach, while providing clearer execution paths and consistent settlement outcomes.
The trading launch completes Axiology’s product rollout across 2025. Following regulatory authorisation in July, the platform enabled digital bond issuance in September and introduced a DLT-based shareholder registry in October. With secondary trading now live, Axiology’s TSS supports the full lifecycle of a security, from origination through settlement and ongoing execution.
Early broker participation is already underway. Myriad Capital and Fundvest are the first brokers to connect to Axiology’s trading ecosystem, providing their clients with access to tokenised fixed-income instruments through a shared venue. Each additional broker increases available counterparties for investors and broadens distribution for issuers.
“Capital markets have modernised interfaces and products, but the core infrastructure has remained largely unchanged,” says Marius Jurgilas, CEO of Axiology. “With live secondary trading on a DLT-based system, we can redesign how liquidity forms, how assets move and how new instruments reach investors. This is what makes digital securities markets functional rather than theoretical.”
For issuers, listing on Axiology enables access to a broader, cross-participant secondary market through a single integration, rather than being confined to the trading environment of one intermediary. Market access becomes systemic by design, supporting improved price discovery and more efficient allocation of capital.
Broker onboarding is now underway, with additional participants scheduled to connect in the coming months. Axiology will continue expanding the range of tradable instruments, scaling participation so digital securities can trade in a connected market environment rather than across fragmented, closed systems.
