Lithuania-based capital markets infrastructure provider Axiology said it has secured €5 million in seed funding to introduce new tokenised securities capabilities under the EU Distributed Ledger Technology (DLT) Pilot Regime.
The funding round, led by Exponential Science, e2vc and Coinvest Capital, was joined by new investors TIBAS Ventures and Plug and Play. The seed round is also supported by the previous round investors like BSV Ventures, NGL Ventures and others. To date, Axiology has raised €7 million.
Axiology said the new capital enables it to expand its already operational system, bringing “the full lifecycle of digital fixed-income instruments into one regulated environment” and execute its go-to-market strategy.
“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.”
Jochen Metzger, board member of Axiology and retired Bundesbank Senior Official, said: “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.
“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 added: “European retail investors can buy an ETF with a single euro yet still cannot easily access government bonds, which remain some of the safest instruments in the world.
“From a technological standpoint these instruments can be issued and transacted in smaller, retail-friendly denominations. However, broad access has been limited by market infrastructure rather than capability. Axiology’s system is designed to close this gap by providing the regulated infrastructure needed to make digital bonds available to a wider public.
Paolo Tasca, Founder, Exponential Science, said: “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.”
Axiology said it is working with the Ministry of Finance of the Republic of Lithuania on a “digital-native” version of the country’s Government Defence Bonds.
These bonds are currently distributed through local financial institutions, limiting access. Issuing them digitally through Axiology’s TSS would make them available across the entire European Economic Area.
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).
Axiology said it is “on a mission to unite Europe’s fragmented capital markets.” It said its exclusive Distributed Ledger Technology Trading and Settlement System (DLT TSS) licence gives the company “a rare opportunity to do so.”
Axiology added: “Only a handful of entities in Europe hold this most extensive licence under the DLT Pilot Regime. It allows Axiology to consolidate issuance, custody, trading and settlement within a single regulated system, simplifying processes and driving costs down for participants of this infrastructure.
“The securities depository services are already used by crowdfunding platforms. Axiology’s infrastructure enables these platforms to structure debt instruments as bonds and distribute them 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 said it 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.”
Kaan Eren, Partner at e2vc said: “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.”
Viktorija Trimbel, CEO & Managing Director of Coinvest Capital, said: “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.”