- London-based Archax is an FCA-approved exchange, brokerage, and custodian for digital assets, focusing on bridging the gap between cryptocurrencies and traditional financial markets.
- The article emphasizes transparency, regulation, and institutional-grade services as key factors for attracting institutional investors to the digital asset space.
- Archax's secure platform offers a reliable option for trading and investing in digital assets, with the potential to significantly impact the evolving landscape of digital asset trading.
As a Company Executive, you are aware that adopting new digital assets and currencies is not simple. Nevertheless, due to a lack of knowledge and a lack of system transparency, many people are hesitant to trade in digital assets.
However, there are numerous software programs that offer assistance in trading digital assets, but it might be difficult to know which one to rely on.
Archax is the very first trade corporation to receive FCA approval. London-based Archax is a global, regulated exchange, brokerage, and custodian for digital assets.
How did it begin?
Founded by leaders in the financial markets industry and supported by a seasoned advisory board. Before developing Archax, Graham Rodford, and Andrew Flatt both held positions in traditional finance, so they are well aware of the distinctions and complexity between the two types of financing.
Nick Donovan, the Chief Revenue Officer, has over 20 years of experience in the financial services industry and has held executive positions at Barclays, Goldman Sachs, NatWest Markets, and Amber Group.
Thus, they specifically offer a trustworthy and credible bridge between the cryptocurrency community focused on blockchain technology and the established financial market.
Their mission is to bring the traditional trading experience into the realm of digital assets like cryptocurrency. They are a group of trustworthy financial professionals who have spent their entire careers working in a regulated environment.
What is their main agenda?
How digital asset trading will interact with the current financial system is the main source of current enthusiasm. They work with Tier 1 software companies that have long provided matching engines to the traditional financial markets through our platform. It will be supplied to us in a transparent manner.
Digital asset trading is soon going to explode. The digital asset trade in the future has the ability to completely disrupt trading. All assets in the future could be traded between individuals, and between entities.
At the moment, digital assets have largely been focused on currencies, but going forward, there are lots of different ways in which digital assets can be monetized once you accept that most assets around the world can be tokenized.
Their goal is to establish themselves as a top-tier, regulated, institutionally oriented digital asset exchange that stands out from other options by concentrating solely on institutions and their customers.
The lack of market transparency is the primary factor keeping institutions from investing much in crypto trading at the moment. They need to see systems and procedures that are either regulated or behave as if they are, as well as very robust technology under their control and how they function, particularly regarding compliance.
Institutional investors would swarm to the cryptocurrency market if it were regulated. Because of the enormous size of the market, their customers feel compelled to obtain a portion of it.
Their aim is to create an institutional-grade custody solution and exchange that accredited investors can use to buy and sell digital currencies in a secure environment, being a reputable institutional player.
All about statistics
In November 2022, Archax announced the completion of its $28.5 million Series A financing. Archax had set a $5 million funding goal for its launch but was able to acquire more money since the firm extended the seed raise.
Along with Bitrock Capital, Blockchain Coinvestors, CE Innovation Capital, Keiretsu Capital, Lingfeng Capital, Mathrix AG, SGH Capital, and The Tezos Foundation, participated in the round as the lead strategic investor. Over the course of 5 rounds, Archax has raised a total of $41.6M in investment.
The website offers alternatives for trading, investing, admission, and custody. You can now invest in asset classes that were previously illiquid or difficult to trade thanks to the democratic change and simplification of the global financial markets brought about by digital securities and distributed ledger technology.
No matter where you are located, Archax offers a global exchange for trading in the top digital security issuances from across the world.
How does it work?
After your admit application has been accepted, you will be able to trade in your issuance with other Archax members from all over the world. With easy access to its trading community and a safe global platform for the secondary trading of your digital security issuances, Archax supports liquidity.
In addition to unregulated cryptocurrency, NFTs, and stablecoins, Archax custody supports a wide range of asset classes, including regulated traditional securities, cash, and digital securities.
In collaboration with Unbound Tech METACO, which is supported by visionary strategic investors like Goldman Sachs and Citi Ventures, Archax offers its secure and segregated digital asset custody service.
Data, such as cryptographic keys, login passwords, or sensitive information, are protected by the solution by making sure they never exist in their entirety. The solution offers institutional-grade key security and supports more than 20 blockchain protocols.
The system has also been developed with all the controls and procedures that institutions require and demand, and it runs in the same regulated manner regardless of the type of asset. As a result, all forms of digital assets receive unmatched levels of service and security.
An exciting fact
As a digital securities exchange, custodian, and brokerage, Archax is the first company to ever gain FCA (Financial Conduct Authority) regulation. It was also the first company to be listed as a VASP (Virtual Asset Service Provider) on the FCA's Cryptoasset Register.
The Archax team is used to operating in highly regulated markets and has a thorough understanding of tokenization and the blockchain landscape as well as a strategy for how to develop them and transparently open up digital assets to institutions.
Archax is creating its own line of liquid digital structured products that will trade on its exchange in addition to listing international digital issuances. According to Graham,
“We have the product, we have the people, we have the systems, we have thinking and we have the vision that we need to get there. we've seen exchanges in the digital asset space, pave the wave where we are today and that's very important for the institutions to come in. we need evolution. our task is the next stage of their evolution.”
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Edited by Shruti Thapa