Archax is a UK-based platform that allows you to conduct transactions such as protecting, depositing and exchanging your digital assets.
It is also the only asset exchange platform approved by the Financial Conduct Authority in the UK. You can activate on the platform by completing a long KYC, not just by clicking on login. Only people approved by Archax can trade and store their assets with Archax security. So you can think of it as a VIP digital asset platform.
They recently finished with $28.5 million from a Series A investment round led by Abrdn.
“We are extremely pleased to have been able to complete a round of crypto and traditional financial market conditions during this turbulent last few months,” Graham Rodford, CEO and co-founder of Archax, said the release.
Unlike other projects in the Web3 ecosystem, Archax is a regulated platform. In other words, it is a place where people who are prone to traditional trade will feel safer. Thanks to the approvals it has received and the brand prestige, Archax gives confidence to its users. You can think of it more like a web3 bank rather than a regular clearing platform.
According to their website, “Founded by experts from traditional capital markets and backed by an accomplished advisory board, Archax offers a credible bridge between the blockchain world and the existing investment space. The Archax team is used to working in highly regulated markets and has a deep understanding of the blockchain landscape and tokenization too – as well as a vision of how to evolve them and open up digital assets to institutions in a transparent manner.”
Summary
In general, Archax is a platform that does not focus only on trading, but also covers not only web3 brands, but also traditional brands in terms of investment. They are taking steps to bring together the blockchain ecosystem and the investment opportunities that exist in the world and to ensure the interaction between digital assets and the real world. It is inevitable that the target audience will organize their assets here and evaluate investment opportunities.
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