AXON Finance raises $2 million to launch U.S. stock copy-trading engine

The PayFi AI-native Layer 1 project said InfiniteAll AI, UZ Capital and BMF backed the strategic round to support an open-ecosystem product built on its settlement layer and account abstraction.

Summary

AXON Finance has completed a $2 million strategic financing round backed by InfiniteAll AI, UZ Capital, and BMF. The PayFi AI-native Layer 1 project said the capital will fund the launch of its first open-ecosystem product: a U.S. stock copy-trading engine developed with prediction platforms and a former Silicon Valley quantitative trading team. The company said the product will run on AXON’s L1 settlement and account abstraction (wallet design that simplifies user actions), tying its blockchain infrastructure to a trading-focused application.

Terms & Concepts
  • Layer 1: Base blockchain network for transactions
  • copy-trading engine: System that mirrors another trader’s moves
  • account abstraction: Wallet design that simplifies blockchain interactions