Archax, the UK-based forthcoming institutional-grade digital assets exchange, has partnered with security token issuance platform Smartlands to be listed on the upcoming London-based Archax exchange for secondary trading.
Arnoldas Nauseda, Chief Executive Officer of Smartlands Platform, commented:
“Today, Smartlands is making a huge leap towards the ultimate liquidity of asset-backed digital assets. We were the first in the UK to tokenise an asset using both crypto and fiat currencies on our FCA-registered fully compliant platform, and we want to welcome more institutional investors to Smartlands. Right now, institutions are hesitant to enter this massive market, citing a lack of transparency. Institutional-grade deals for trading assets on secondary markets require the highest level of regulatory compliance and very soon together with Archax, we will present to both investors and institutions the coveted opportunity to trade on a fully compliant Archax MTF.”
Graham Rodford, Chief Executive at Archax, said:
“We are excited by the benefits that tokenisation and blockchain technology introduces to asset classes such as real estate and private equity. Providing transparency and creating secondary markets unlocking liquidity to traditionally illiquid assets is exactly what Archax is all about. We are incredibly pleased to be partnering with Smartlands to bring this reality to the tokens issued on their highly innovative platform. We are looking forward to being at the forefront of this emerging ecosystem and working together as the security token world gathers pace.”
The operator plans to launch this year a venue for institutions and professional investors to trade in all types of digital securities, also known as security tokens, which take real-world assets and ‘tokenize’ them using blockchain technology. Its security token offering (STO), where it will tokenize and offer for sale a portion of its own equity, is scheduled for late 2019.
The company developed its security token exchange in partnership with Spice Venture Capital, Alphabit, Custom House, Cryptonomy, Tokeny, Securitize, MAMA, Quod Financial, Clearbank, and now Smartlands.