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Goldman Sachs, JPMorgan investing in blockchain firm

Goldman Sachs Group Inc., JPMorgan Chase & Co., ICAP Plc's venture arm and other financial institutions are investing in blockchain firm Axoni, Reuters reported Dec. 19, citing "people familiar with the deal."

The investment, to be announced as early as this week, is expected to range from $15 million to $20 million, one of the people said. An Axoni representative declined to comment to Reuters on the record.