Archax, the UK/EU regulated digital asset platform, and TradingStack.io, the capital markets connectivity provider, announced that they have partnered to offer FIX access to cryptocurrencies and tokenised real-world assets (RWAs) available on the Archax Primary and Secondary markets. By leveraging the Financial Information eXchange (FIX) protocol, this integration reportedly makes onboarding for Trad-Fi institutional clients onto the Archax platform faster.
As the world of cryptocurrencies and digital assets gains “more interest and traction from traditional financial markets firms, providing easy and familiar access for them to ‘institutional’ platforms, like Archax, is key.”
With FIX, financial institutions gain access “to digital assets using the same messaging standards, workflows and connectivity they already rely on for equities, FX and derivatives.”
Andrew Flatt, CTO and co-founder of Archax, comments that with their range of digital assets “gaining interest and traction with TradFi institutions, providing simple, streamlined access to clients is key.” Flatt added that integrating FIX into the Archax platform with TradingStack.io’s solution delivers that.
And allows firms to tap into the range of tokenised real-world assets they have available – including “tokenised funds, bonds, commodities – as well as cryptocurrencies too.”
Tim Connolly, Managing Director of TradingStack.io, adds that this partnership leverages TradingStack.io’s technology to provide firms with access to Archax by “eliminating the need for custom development, reducing integration risk and shortening go-live timelines from months to days.”
Connolly added that institutions benefit from message schemas, lower operational friction, “improved straight-through processing and seamless alignment with their existing OMS/EMS environments.”
As noted in the update, Archax is a “regulated digital asset platform based in the UK, EU, US and UAE, and targeted at professionals and institutions 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 also covers the full digital lifecycle from token “issuance and fundraising through to trading and custody.”
Archax provides the global on-chain capital markets infrastructure that allows traditional financial markets participants “to bridge into the digital / crypto / DeFi space.”
As mentioned in the announcement, TradingStack.io are the professionals focused on connectivity “to critical institutional infrastructure for trading digital assets by offering a platform that connects buy-side and sell-side firms to a network of liquidity venues, custodians, service providers.”
This reportedly reduces the “complexity and fragmentation of digital asset markets, allowing institutions to trade efficiently.”