Archax and BondEvalue have announced a strategic partnership “to deliver digital solutions for the ownership, trading and custody of fractional fixed income products using blockchain technology.”
Archax, which claims to be the “first” and only Financial Conduct Authority (FCA)-regulated digital securities exchange, broker and custodian, will “enable their clients to access investment opportunities on BondEvalue’s regulated platform, the BondbloX Bond Exchange (BBX), a blockchain-based bond exchange which allows investors to conduct electronic trading of fractional bonds (BondbloX) from as low as $1,000.”
Archax will “provide access to the fractional bonds on BBX via their broker membership, enabling investors to create a diversified portfolio of institutional grade bonds with transparency and at low cost.”
Graham Rodford, CEO and co-founder of Archax, commented:
“Our partnership with BondEvalue will allow a wider group of investors access to investments which were historically only available to larger institutions because of a high entry threshold. It enables us to continue to lead and develop future market solutions supported by our focus on disrupting capital markets using blockchain technology innovation. The partnership is a further step towards our buildout for Asia-Pacific as we start to scale Archax globally.”
Dr. Rahul Banerjee, CEO and co-founder of BondEvalue, added:
“The Archax team are leaders in the regulated DLT space, and we are excited to work with them in democratising the bond market. Working together, we will form a ‘bond-bridge’ between Europe and Asia.”
As covered last month, Security Token Market is pleased to confirm that Archax, a global cryptocurrency and FCA-regulated digital asset ecosystem, has joined the STM data partnership network.
Archax provides professional investors and institutions “with a primary market for investing into digital asset projects, as well as a regulated exchange for secondary trading of digital issuances and a regulated custody service.”
Security Token Market’s Data Partnership Network “enables access to an array of services including data integrations, marketing partnerships, and more among companies focused on building the tokenization industry.”
The Archax ecosystem is reportedly, “the first ever digital securities exchange, broker and custodian regulated by the FCA in London.” Targeted at institutions, Archax also “has its FCA Cryptoasset permissions.” Acting as a bridge between the blockchain world and the traditional investment space, Archax is “focused on blending new technologies with traditional finance.”
With solutions built using existing, proven, resilient, scalable, high-performance infrastructure, hosted in top-tier data center space and integrated into the existing institutional trading workflow, Archax is “positioned as an end-to-end provider.”
As well as listing global digital issuances, Archax is also “developing a range of Exchange Traded Products (ETPs) that will trade on its exchange.”