RCS - Archax Holdings Ltd - Archax launches regulated digital asset custodian

International Business MachinesAnnouncement

31/01/2023 16:15

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RNS Number : 4600O  Archax Holdings Ltd  31 January 2023

 

 

 

Archax launches regulated digital asset custodian
Provides segregated, insolvency-remote structure and covers traditional

assets as well as unregulated cryptocurrencies

 

 

31(st) January 2023 - Archax (https://archax.com/) , the first FCA regulated
digital asset exchange, broker and custodian, today announced the official
launch of its custody service. Targeted at professional investors and
institutions, the solution provides custody for a broad range of digital
assets - from cryptocurrencies to NFTs to digital securities - as well as
traditional securities and client cash.

 

Commenting on the launch, Graham Rodford, CEO and Co-Founder of Archax, said:
"The recent turbulent times in crypto markets emphasise the need for credible
and secure custody solutions, run by businesses with strong corporate
governance, and with all the right controls and processes that institutions
both need and expect. We do just that - operating our service using a fully
segregated and insolvency-remote structure to ensure client assets are always
held and backed 1 to 1 and so are safe. Although some assets, like
cryptocurrencies, are unregulated, we operate our solution in the same
regulated way, wherever possible, regardless of asset type, so ensuring
unparalleled levels of service and security for all types of digital asset."

 

Archax is providing the service in partnership with METACO, the market-leading
provider of digital asset custody and orchestration technology to global
financial institutions and is deploying the technology on the IBM Cloud in
order to leverage the confidential computing capabilities of IBM's highly
secure digital asset infrastructure.

 

"We are really excited to be rolling out this Archax service, leveraging the
technology we have been building and the regulations that we have put in
place. We have been running the custody service in stealth mode for a while
now and are already holding client assets, including crypto, cash, digital and
traditional asset classes. This will soon be followed by the launch of our
exchange for both regulated digital assets and unregulated crypto too"
concludes Rodford.

 

The Archax digital asset ecosystem has been built with institutions in mind
and designed to allow them to raise funds through digital issuances, as well
as custody and trade a variety of digital assets, such as digital securities,
NFTs and cryptocurrencies.

 

- Ends -

 

 

About Archax

 

Archax is a global, regulated, digital asset exchange, brokerage and custodian
headquartered in London. Founded by experts from the financial markets world
and backed by an accomplished advisory board, Archax offers a credible bridge
between the decentralised finance and the traditional finance investment
space.

 

Archax is the UK's only FCA-regulated digital securities exchange, broker and
custodian. It was also the first firm on the FCA's Cryptoasset Register.

 

Archax has been designed specifically for institutional investors to trade in
all types of digital assets, from cryptocurrencies to digital securities. It
is built using existing, proven, resilient, scalable, high-performance
exchange infrastructure, hosted in top-tier datacentre space, and integrated
into an existing institutional trading workflow.

 

Contact:

Ryan Gorman

Principal, Gorman Strategies

ryan@gormanstrategies.com

 

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