Capital markets infrastructure provider Axiology, based in Vilnius, has raised €5 million in seed funding to expand its tokenised securities capabilities under the EU’s DLT Pilot Regime. The round was led by Exponential Science, e2vc, and Coinvest Capital, with fresh backing from TIBAS Ventures and Plug and Play. Previous supporters, including BSV Ventures and NGL Ventures, also participated, bringing Axiology’s total funding to €7 million.

The fresh funding will accelerate product expansion, deepen institutional collaborations, and advance interoperability across Europe. Axiology is preparing to participate in wholesale CBDC initiatives, such as the ECB’s Appia and Pontes projects, and plans to integrate with TARGET2 to further streamline settlement flows.

Transforming fragmented capital markets

Discussing the idea of establishing the company, Axiology stated, “It was founded to tackle a long-recognised market need, which is the inefficiencies and fragmentation in Europe’s securities infrastructure. While the idea and problem had been present for some time, the team was able to act decisively once the EU DLT Pilot Regime was introduced, providing a clear legal framework. This allowed Axiology to apply distributed ledger technology (DLT) to modernise settlement, custody, and issuance processes, making them faster, more secure, and cost-effective.”

The company further explained, “Axiology addresses the fragmentation in Europe’s capital markets, which slows down access to funding and raises costs for both investors and issuers. By uniting traditionally siloed infrastructures, our platform reduces operational complexity and lowers costs, making capital markets more accessible for SMEs, which often operate with tighter budgets.”

Experienced founders with industry knowledge 

Vilnius-based fintech Axiology, specialising in blockchain-based tokenized securities, was founded in 2023 by four experts. Marius Jurgilas, CEO of Axiology, is a seasoned leader with over 15 years of experience in central banking, financial regulation and FinTech policy. He has held senior roles at the Bank of Lithuania, Norges Bank, the Bank of England, and Finansinspektionen (Swedish Financial Supervisory Authority), shaping digital innovation and regulatory frameworks across Europe. 

Andrius Košuba, CTO of Axiology, has over 10 years of experience in IT development and complex project delivery across the financial and technology sectors. He has led and contributed to technology initiatives at Danske Bank, ZityCity and Toptal, combining strong engineering expertise with hands-on leadership in building scalable, production-grade systems. 

Algirdas Neciunskas, COO of Axiology, brings over 20 years of experience in financial market infrastructure, governance and market operations. He has held senior positions at the Bank of Lithuania, where he was responsible for CENTROlink development, served on the Board of the Lithuanian Central Securities Depository as well as the State Investment Agency and Lithuanian Mint. He was a core team member of Blue EMI, executing M&A with checkout.com. 

Andrius Mamontovas has over 20 years of experience in banking, finance, and fintech, advising on crowdfunding, capital markets, and investment services. He also leads the legal strategy at an AI-powered legal startup.

Axiology’s mission is to unify Europe’s patchwork capital markets. Its distinctive Trading and Settlement System licence, one of the most comprehensive approvals under the DLT Pilot Regime, puts the company in rare territory. Only a few entities in Europe hold this level of authorisation.

What about diversity statistics?

Axiology stated, “22% of our employees are Gen Z, 44% Millennials, 33% Gen X.” 

Enables broader participation through digital issuance

Axiology is already applying its infrastructure in a meaningful national initiative. The company is working with the Ministry of Finance of the Republic of Lithuania to create a digital-native version of Lithuania’s Government Defence Bonds. Today, these bonds are sold through local financial institutions, narrowing investor access.

Digitising issuance through Axiology’s platform would allow participation from investors across the entire European Economic Area, including the Lithuanian diaspora. This not only broadens access but also helps strengthen the country’s defence funding base.

Since launching operations in September 2025, Axiology has rolled out three services: a securities depository, shareholder registry management and a Multilateral Trading Facility (MTF). Crowdfunding platforms already use their depository to structure debt instruments as bonds, expanding the range of assets available to investors.

The newly launched MTF connects brokers from day one and is embedded seamlessly into Axiology’s unified trading and settlement infrastructure.

Building a regulated market infrastructure

Detailing how it varies from other companies, it was stated, “Axiology’s technology leverages DLT to provide a fully integrated solution for securities issuance, custody, trading and settlement, bridging traditional and tokenised financial infrastructure. Our infrastructure uses stablecoins for near-instant atomic settlement, eliminating T+2 delays and reducing counterparty risk, while embedded custody removes the need for separate arrangements with additional institutions. We adapt DLT to traditional instruments, such as bonds, creating tokenised versions of conventional securities, something rarely done in the market, enabling faster, more secure, and fully auditable processes.”

“Europe’s Savings and Investment Union won’t be built by policy alone – it needs new market infrastructure,” said 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.”

“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,” said 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.”

“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,” added Dr. Paolo Tasca, Founder, Exponential Science

“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,” commented Kaan Eren, Partner at e2vc.

“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.