Lygon was founded as a joint venture by major Australian banks (ANZ, Commonwealth Bank, Westpac), Scentre Group, and IBM to digitize the paper-based bank guarantee process. The company's mission is to modernize business-to-business guarantees by leveraging blockchain technology to create a single, standardized digital instrument. This platform aims to reduce the risk of fraud, eliminate inefficiencies associated with physical documents, and significantly accelerate the issuance and management lifecycle of financial guarantees for corporations and banks.

Founded in

Australia