Archax, a London-based venture operated by a team of experts from financial market professionals has announced the launch of institutional grade cryptocurrency exchange specifically targeting the professional investment community, both traditional and emerging.
Existing cryptocurrency exchanges focuses it services to the early age adopters and retail space thus giving a miss to the traditional investment community. Archax will be in line with the existing crypto venues, providing the credible bridge between the Blockchain-centric tech community and traditional institutional space. This space is currently witnessing a lot of traction and Archax wants to tap traditional institutes who have developed the requisite appetite to get involved and has significant funds at their disposal.
The Archax exchange has been specifically designed with these kinds of institutions in mind and will further help in to legalise this new marketplace. Through this partnerships, trading system vendor firms and support for industry standard APIs such as FIX, it will be firmly integrated into the existing institutional trading workflow.
Graham Rodford, CEO of Archax, commented:
The current digital asset world is just the beginning. We will increasingly see opportunities emerge as the world realises that all assets can be tokenised. As this occurs, institutions will be looking for a way to realize their investment strategies in both new and traditional ways. We have assembled a seasoned team and advisory board who understand the needs of institutions and who are used to operating in a highly regulated world – people from hedge funds, brokers, banks, exchanges, vendors and the academic space. Crucially, they also have a deep understanding and experience of this new ‘tech’ landscape too, and a vision of how to evolve it to open up existing crypto/digital assets to institutions, as well as pave the way for wider adoption of the technology for other asset classes via tokenisation.
David Lester, former Chief Strategy Officer of the London Stock Exchange Group and Advisor and Non-Executive Director at Archax, said:
Tokenisation and Blockchains are innovations that have significant potential to disrupt and open up new business opportunities. Tokens can turn networks into markets, Blockchains can enable more frictionless and transparent marketplaces. How this evolves is of real interest to capital providers, business leaders and founders. I am pleased to be an advisor to Archax, a strong team of likeminded individuals whose mission is to bring global institutional capital to the crypto asset space, which will underpin and accelerate its adoption.
David Buckley, Chairman of Redwood Bank and Chairman of the Archax Advisory Board, said:
For institutions to get involved in the crypto space, regulations are key. The fact that Archax will operate as if it were regulated and is run by people who understand how the institutional world and traditional exchanges work, means firms will finally get access to new crypto assets in a way that is familiar to them and that provides all the checks, balances and capabilities that they expect.
Liam Robertson, Founder and CEO of Alphabit, concluded:
I am pleased that the Alphabit Fund has a seed investment in this new venture. I am really excited about the opportunity that exists for a genuine institutionally focused crypto exchange and firmly believe that Archax has all the ingredients needed to make this happen.