Abrdn, one of the top five UK asset managers, has invested in Archax, an FCA-regulated digital securities and crypto exchange purely focused on institutions. The asset manager with around $560bn in assets under management becomes the largest external investor.
The startup initially focused on security tokens for several years and more recently expanded into crypto. The exchange will launch later this year. Security tokens can include tokenized stocks, bonds, funds, carbon credits and other assets.
Archax CMO Simon Barnby confirmed the abrdn relationship also involves a strategic partnership to tokenize funds.
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