This week, institutional digital asset exchange Archax announced a partnership with blockchain firm VALK (previously known as Value on Chain). Both are using R3’s Corda enterprise blockchain technology and will work together to help financial institutions to issue and list digital assets on the UK-based exchange.
Archax was founded by two former executives from London hedge fund Omni Partners.
London-based VALK provides a blockchain solution that automates the back-office tasks of issuing and settling unlisted assets, including managing the life cycle of digital shares. By partnering with a digital asset exchange, VALK clients will get better liquidity for their assets. Meanwhile, Archax will benefit from the variety of digital securities offerings from the VALK clientele.
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