Baton Systems, formerly known as Ubixi, is a provider of bank-to-bank payments infrastructure modeled on blockchain technology.
Baton Systems delivers advanced technology solutions, bringing an unseen level of speed, efficiency and accuracy for financial institutions to clear, settle and manage payments.
Baton Systems was founded in 2016 by Arjun Jayaram. The company was formerly known as Ubixi, and later changed its name to Baton. The company has its headquarter based in Freemont, California.
Baton Systems is the fastest, on-demand, highly secure clearing and settlement platform – bringing a new level of efficiency to the payments infrastructure across the capital markets.
Baton Systems works with numerous market participants – including major global banks, custodian banks, exchanges and the US Federal Reserve – to meet today’s demands for cost savings, regulatory requirements and better capital management.
Baton is backed by investor including Trinity Ventures, Commerce Ventures, XFactor Ventures, Illuminate Financial, Louie Partners and others. The company raised $4M in a latest financing on Jan 31, 2020. This brings Baton's total funding to $16M to-date.
Baton Systems won the Sell-Side Technology Awards 2019: Best Distributed-Ledger Project.