aXpire is a blockchain-based spend management system. It will initially serve to help asset and fund administrators and managers at banks, hedge funds, private equity firms and others to deal with the resource and time-costly process of allocating and apportioning outside vendor costs to each fund, or split of funds as is appropriate, based on the deal, later expanding to create digital connections across all key functional departments and stakeholders.

The AXP token is an ERC20 token based on the Ethereum network and it is required for “eprocurement” and/or “e-bidding” for expense contracts. Clients will be able to submit jobs to the aXpire platform, with invoices payable in AXP.