UK based digital asset exchange, broker and custodian, Archax, is planning to extend its EU footprint by acquiring Deutsche Digital Assets (DDA), the Germany based digital asset manager.
This follows Archax’s acquisition last year of Spanish broker KSCM, which was part of the firm’s continued aim to “establish the EU and UK’s most complete set of digital asset regulated structures, placing the firm in a unique position.”
DDA is a German-based asset manager with “approximately $70 million AUM, offering crypto ETPs and a suite of institutional products.”
DDA also has extensive European distribution channels “through its active network of European banks and asset managers.”
By acquiring DDA, which is “licensed under BaFin, Archax extends its EU presence into Germany and France.”
Specifically, it allows Archax to “add to its EU regulatory stack with the addition of Advisory, Distribution, Portfolio Management and Contract Brokerage permissions.”
This covers the full spectrum of “regulated digital asset solutions across Europe and the UK from tokenised funds and securities to active crypto strategies.”
With the UK market opening up to crypto Exchange Traded Products (ETPs), per the FCA “approving the first UK listings of crypto ETPs for professional investors earlier this year and, with so much global uncertainty potentially contributing too, the role of digital assets is swelling.”
With the acquisition of DDA, Archax believe they’re positioned to offer access to digital assets from “native, on-chain crypto via their regulated exchange, to fully institutional-grade crypto ETPs tailored for professional investors.”
Alongside crypto, Archax offers tokenised real-world assets (RWAs) – unlocking new “efficiencies and investment opportunities through blockchain technology.”
This combination of crypto, institutional ETPs, and tokenised RWAs, positions Archax as one of Europe’s digital asset platforms.
As covered, Archax is an FCA regulated Digital Asset Exchange, Broker and Custodian based in the UK, targeted “at the professional and institutional investor community globally.”
Founded by professionals from traditional capital markets, Archax supports all types of digital assets – from “unregulated cryptocurrencies through to regulated tokenised real-world assets (RWAs).:
Archax covers the full digital lifecycle from “token issuance and fundraising, through to trading and custody.”
Established in 2017, Deutsche Digital Assets (DDA) serves “as a gateway for investors seeking exposure to crypto assets within EU.”
DDA provides active and passive crypto investment strategies “across public and private markets and custom solutions to institutional and retail investors helping them meet their long-term financial goals.”