Archax and Talos Forge Partnership to Enhance Institutional Crypto Trading

Archax, the Financial Conduct Authority (FCA) regulatedexchange, broker, and custodian for digital assets, has announced a strategicpartnership with Talos, an institutional crypto trading platform. Thiscollaboration aims to revolutionize institutional access to digital assets bycombining Archax's regulatory expertise with Talos's market-leadingcapabilities.

Partnership Expands Archax's Regulatory Reach

The partnership will enable Archax to leverage its FCAcryptoasset registration alongside Talos's network of crypto liquidityproviders and venues. This move is poised to strengthen Archax's burgeoningover-the-counter (OTC) trading desk, enhancing liquidity and efficiency innavigating crypto markets.

Anton Katz, the CEO, and Co-Founder of Talos, emphasized theimportance of the partnership in driving institutional adoption of digitalassets. "We are thrilled to join forces with Archax in our sharedcommitment to drive institutional adoption of digital assets," said Katz."By integrating Archax's exchange and custody services into the Talosplatform, we are providing our institutional clients with access to digitalasset solutions that meet rigorous standards for security and regulation."

Archaxwill integrate its institutional-grade exchange and custody services directlyinto the Talos platform, expanding its premium offerings to Talos'sinstitutional trading network. This includes regulated digital assets such astokenized money market funds and crypto capital protected notes.

Archax Expands Crypto Reach with TalosArchax leverages its FCA cryptoasset registration combined with the market-leading capabilities of the @talostrading platform to unlock access to an array of crypto liquidity providers and venues.Read more https://t.co/kGmk4iZYmV pic.twitter.com/iT1MaUVfAt

Graham Rodford, the CEO and Co-Founder of Archax, expressedenthusiasm about the collaboration: "Our collaboration with Talosrepresents yet another step forward in our mission to empower institutionalinvestors with seamless access to all types of digital assets. By partneringwith Talos, we're set to offer unparalleled liquidity, reliability, androbustness to the global institutional trading community."

Introducing Crypto/MMF Pairs for Enhanced Security

Archax has planned to introducecrypto/MMF pairs to enhance security and profitability for investors, asreported by Finance Magnates.Unlike traditional exchanges, this move offers regulated MMF instruments,reducing counterparty risks. These pairs will be available on Archax'splatform, expanding from Bitcoin and Ethereum to include Solana, Litecoin, andtrading against USDC and GBP. This initiative opens new avenues for cryptoinvestments and aligns with Archax's goal of diversifying its offerings withregulated assets.

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Archax Launches Institutional Crypto Exchange, Lists 2 Pairs

London-based Archax announced today (Wednesday) the launch of its institution-focused cryptocurrency exchange, which will be operational around the clock. The exchange is focused on catering to the demand from professional and institutional clients.

Institutional Crypto Exchange by Archax

Initially, the exchange has listed only BTC and ETH against USD. However, it plans to add more trading pairs in the coming weeks and throughout the rest of the year.

“We are thrilled to launch our crypto exchange, delivering a comprehensive and innovative trading platform for professional investors,” said Graham Rodford, the CEO and Co-Founder of Archax.

“By combining our institutional know-how, regulatory expertise, advanced technology, and strong partnerships, we are empowering institutions to navigate the digital asset market with confidence and efficiency.”

Watch Archax's CMO, Simon Barnby, speaking in a panel discussion at FMLS22.

Rising Demand for Crypto among Institutions

The institutional crypto institutional has skyrocketed over the years. Several established financial industry players, including TP ICAP, have launched institution-focused crypto exchanges. Operating with authorization from the Financial Conduct Authority (FCA), Archax is one of the front runners in the race to offer crypto services to institutions.

According to the official press release, Archax offers API connectivity to its crypto exchange for integration with institutional trading systems and workflows.

The institutional exchange proceeded Archax after it launched an insolvency remote custody offering. The two platforms are now complementing each other’s services. Last year, the company raised $28.5 million for scaling up the launch of its products and services.

“The ability to securely hold digital assets, traditional securities and fiat assets in custody, while also having access to the new crypto exchange and crypto OTC service, creates real utility for clients looking to safely and efficiently navigate the digital asset landscape,” Archax stated.

While some companies are launching crypto exchanges for institutions, a few existing firms have shuttered their services. American investment bank TD Cowen closed down its cryptocurrency unit, Cowen Digital, in early June, just a year after its launch, clsoed down without providing any proper explanation. Further, Digital Currency Group (DCG) shuttered its trade execution and prime brokerage subsidiary, TradeBlock, on May 31, citing the concerns of the broader economy and regulatory uncertainties in the United States.

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Digital Assets Outfit Archax Raises $28M in Series A Funding Round

FCA-approved Archax Exchanges raises $28M in Series A (Read More)

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Crypto Firm Archax Aims Scale Up amid $28.5M Series A Funding Round

<p>London-based Archax, an institutional digital asset platform, announced the closure of its Series A funding round on Tuesday, raising $28.5 million. It will utilize the proceeds to scale up the launch of products and services.</p><p>The <a href="https://www.financemagnates.com/terms/f/funding-round/" target="_blank" id="d08fbe2e-fff7-405c-9466-eaaa94820467_2" class="terms__main-term">funding round</a> brought in abrdn as the lead strategic investor. abrdn’s investment in the crypto company as the <a href="https://www.financemagnates.com/cryptocurrency/news/abrdn-acquires-stake-in-archax/" target="_blank">largest external shareholder</a> was confirmed in August. However, neither of the companies confirmed the amount of the investment.</p><p>Other venture capitals, including Bitrock Capital, Blockchain Coinvestors, CE Innovation Capital, Keiretsu Capital, Lingfeng Capital, Mathrix AG, SGH Capital and The Tezos Foundation, also participated in the latest funding round to financially back Archax. Earlier, the company raised at least $8 million in a seed round, as seen on Crunchbase.</p><p>“We are extremely pleased to have been able to complete a round of this size during the turbulent crypto and traditional financial market conditions of the last few months,” said Archax’s Co-Founder and CEO, Graham Rodford. </p><p>“It is also fantastic to have such credible and strategic partner investors involved in the raise too – led by abrdn. We look forward to the next phase of the Archax journey as we scale up for launch and beyond with these partnerships in place.”</p><p><a href="https://www.financemagnates.com/tag/archax/" target="_blank">Archax</a> was established in 2018 and became the first company to receive <a href="https://www.financemagnates.com/cryptocurrency/exchange/archax-gets-fca-authorisation-to-operate-as-digital-securities-exchange/" target="_blank">crypto-asset registration</a> from the <a href="https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/" target="_blank" id="4c85a54d-15e0-4e44-a214-8c55f71cb286_1" class="terms__secondary-term">Financial Conduct Authority (FCA</a>), making it a fully compliant Virtual Asset Service Provider (VASP). The company targets institutions with services like crypto custody and trading. Further, the crypto firm revealed that it is working on a range of regulated crypto exchange-traded products (ETPs) but has not furnished any deadline for launching those products.</p><p>“The digital assets ecosystem continues to grow at pace, and Archax’s success in this latest funding round underlines the appetite there is among investors to partner with organizations at the forefront of that shift,” said Russel Barlow, the Global Head of Alternatives at abrdn. “As momentum builds, Archax, and abrdn, are well placed to take advantage and meet growing client interest in digital assets that can be accessed through digital exchanges.”</p><p>Crytpo Market Turmoil</p><p>Archax entered the industry with increasing institutional demand for cryptocurrencies. The growing demand even pushed several established banks to launch crypto services parallel to crypto startups. </p><p>However, the retail space is witnessing turmoil this year. A prolonged so-called 'crypto winter', along with some other factors, exposed several crypto companies and forced them into bankruptcy. Recently, Sam Bankman-Fried’s crypto exchange, FTX, faced an extreme liquidity crunch, resulting in its <a href="https://www.financemagnates.com/cryptocurrency/binance-to-acquire-ftxs-non-us-assets-to-clear-out-liquidity-crunches/" target="_blank">acquisition by rival Binance</a>. Both the exchanges signed a non-binding letter of intent for the deal.</p> This article was written by Arnab Shome at www.financemagnates.com.

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Ripple launches first tokenized money market fund on XRP ledger through UK partnership

Ripple has launched the first tokenized money market fund on the XRP Ledger (XRPL) through a partnership with UK-based firms Archax and Abrdn, according to a Nov. 25 statement. This initiative involves Abrdn managing the fund as part of its £3.8 billion US Dollar Liquidity Fund (Lux). Ripple has committed to investing $5 million in […]

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