Today, London-based Archax
announced that it has chosen R3’s Corda blockchain platform for post-trade processing. Archax is a digital asset exchange for institutions, enabling the trade of tokenized securities and other assets.
Founded last year by former officers at hedge fund Omni Partners, the exchange aims to bridge the gap between blockchain-powered tokenization and traditional investment. It has applied to the UK Financial Conduct Authority (FCA) to run an officially regulated trading facility. Once the application is approved, the firm hopes the exchange will go live by the end of this year.
Graham Rodford, Archax’s CEO, said: “Our existing systems and partnerships with firms like Aquis, provide the core functionality for our exchange. R3, with its Corda product, provides the final piece of the puzzle on which we can build a truly revolutionary post-trade solution.”
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.
