Archax, an institutional standard digital assets firm, announced on Tuesday the launch of its institutional-grade digital asset exchange, which is geared towards professional investing. The company reported that by providing the next evolutionary step for handling cryptocurrencies and all other digital assets, this new platform is based in London and will be operated in a regulated manner by an experienced team of financial markets professionals. It will also sit alongside existing crypto venues, providing a credible bridge between the blockchain-centric ‘tech’ community and the traditional institutional space.
“The Archax exchange has been designed with these institutions in mind and will help legitimise this new marketplace for them. Built using existing, proven, resilient, scalable, high-performance exchange infrastructure and hosted in top-tier datacentre space, Archax will be operated under stringent regulatory and best practice principles and so provide the surety and transparency that these institutions need. In addition, through partnerships with trading system vendor firms and support for industry standard APIs such as FIX, Archax will be firmly integrated into the existing institutional trading workflow.”
While sharing more details about the new platform, Graham Rodford, CEO of Archax, stated:
“The current digital asset world is just the beginning. We will increasingly see opportunities emerge as the world realises that all assets can be tokenised. As this occurs, institutions will be looking for a way to realise their investment strategies in both new and traditional ways. We have assembled a seasoned team and advisory board who understand the needs of institutions and who are used to operating in a highly regulated world – people from hedge funds, brokers, banks, exchanges, vendors and the academic space. Crucially, they also have a deep understanding and experience of this new ‘tech’ landscape too, and a vision of how to evolve it to open up existing crypto/digital assets to institutions, as well as pave the way for wider adoption of the technology for other asset classes via tokenisation.”
David Lester, former Chief Strategy Officer of the London Stock Exchange Group and Advisor and Non-Executive Director at Archax, added:
“Tokenisation and Blockchains are innovations that have significant potential to disrupt and open up new business opportunities. Tokens can turn networks into markets, Blockchains can enable more frictionless and transparent marketplaces. How this evolves is of real interest to capital providers, business leaders and founders. I am pleased to be an advisor to Archax, a strong team of likeminded individuals whose mission is to bring global institutional capital to the crypto asset space, which will underpin and accelerate its adoption.”