Today Archax announced it received a license from UK regulator, the FCA. The startup aims to work with financial institutions to issue and list tokenized digital assets on its UK exchange.
The FCA license covers an exchange where at least 50% of issuers are small and medium-sized enterprises, as well as custody and brokerage. The company says it has 35 issuances in its pipeline and will launch later this year.
It’s using R3’s enterprise blockchain technology for post trade and has a partnership with Aquis for its matching engine.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
