Jimmy Xue

Jimmy Xue is an investment and operations professional with a background in quantitative development and investment management. He is the co-founder and Chief Operating Officer of Axis and previously worked as an investment professional at Blackstone and a quantitative developer at Balyasny Asset Management.  ^[2]

Education

Xue attended The Wharton School and the University of Pennsylvania, where he earned Bachelor’s degrees in Finance, Statistics and Computer Science.  ^[4]

Career

Xue worked as a Quantitative Developer at Balyasny Asset Management in Chicago in 2018. From 2020 to 2021, he worked as an Investment Professional at Blackstone in New York. In 2025, he co-founded Axis, where he serves as Chief Operating Officer and oversees the company's operations.  ^[1]

Axis

​Axis is a digital asset market infrastructure company that combines onchain smart contracts with offchain trading, custody, and risk-management operations. Its trading strategies include cross-exchange and cross-currency arbitrage, funding rate arbitrage, market making, and over-the-counter trading. USDx is backed by digital and tokenized assets, traditional assets, and related futures and hedging positions, while sUSDx lets eligible users share in trading returns through staking. Axis also operates Axis Prime, which serves fintech companies, brokerages, remittance providers, and other financial businesses by aggregating liquidity, routing trades, and supporting cross-asset conversions and settlement. Its infrastructure uses smart contracts to manage token issuance, redemption, staking, reward distribution, and access permissions, while trading and custody activities still rely partly on off-chain systems and counterparties. ^[2]