A UK first in digital finance. 🕊️
We issued, transferred, and securely held tokenised money market funds on @hedera, used as collateral in a real-world FX trade between @aberdeenInv_UK and @LloydsBankBiz.
A step toward lower trading desk costs, 24/7 trading, improved capital efficiency, and faster settlement.
A big step for tokenisation.
Archax has been onboarded as one of the first clients to @LSEGplc’s new blockchain-based private funds platform, facilitating the very first transaction alongside @Members_Cap.
Another milestone in bringing regulated RWAs to market.
https://t.co/oPklYSN0cl
We just used tokenised @aberdeenInv_UK money market funds on-chain with @LBGplc to meet a real-world FX obligation using Nest, our digital collateral network.
Here’s why it matters 🧵(1/8)
🚀 Proud to collaborate with @LBGplc and @aberdeenInv_UK on pioneering the use of tokenised money market funds and gilts to meet FX settlement obligations via @ArchaxEx using Nest, our on-chain collateral transfer network.
This is what real-world utility of digital assets looks like — FX is just the beginning. 🌍
From tokenised securities to smart collateral, the future is being built now.
🔗 https://t.co/xm3p0DqVhC
FCA to lift ban on crypto ETNs
Tremendous news today that since we first met with HMT several years ago, the FCA has now announced its intention to lift the ban on offering crypto ETNs to retail investors. Lifting the ban will enable ETNs to be sold to retail clients by FCA registered platforms like Archax - substantively supporting the growth of the UK digital asset industry. This is important for the UK to remain competitive, as similar products are already available in other territories. We welcome this news from the FCA and their continued commitment to supporting the growth of the UK crypto industry.
Equities and Government Debt are now on-chain, powered by Archax.
To be traded 24/7, used for payments, held in wallets and pledged as collateral.
We are working on tokenising all asset classes, one by one. Available on @AlgoFoundation, @arbitrum, @ethereum, @etherlink, @hedera, @0xPolygon, @solana, @StellarOrg, @XDC_Network_ and @Ripple's XRPL.
For professional investors only. Read full details here: https://t.co/2eEbDfRDuo
We’re excited to share that @ArchaxEx has now officially been granted permissions as a Section 21 (s21) financial promotion approver for crypto-related promotions. With 30+ clients already relying on our expertise, this milestone underscores our commitment to compliance, transparency, and innovation in the digital asset space.
Prior to this official confirmation, Archax was able to provide financial promotion approver services to its clients whilst the FCA finalised its application. Now, with formal approval, we strengthen our position in enabling crypto firms to ensure their promotions meet FCA standards.
If you’re a crypto firm looking to ensure your financial promotions meet regulatory requirements in the UK, get in touch to discuss how we can support you.
Today, in partnership with @ArchaxEx and @abrdn_plc, we’re excited to announce the first tokenized money market fund on the XRP Ledger.
With $16T in tokenized assets projected by 2030, this milestone unlocks cost savings and settlement efficiencies by deploying capital markets infrastructure on the #XRPL.
https://t.co/bgWi3jY5go
Nick Donovan, CRO of @ArchaxEx, recently joined @FireblocksHQ CEO Michael Shaulov and @OwneraIO CEO Ami Ben-David at the Fireblocks Network Open House in London.
They discussed the new partnership between Fireblocks and Ownera, focusing on the distribution and trading of tokenised assets, particularly tokenised Money Market Funds (MMFs).
If you missed the event, you can read more about it here: https://t.co/KJKeINcTu1
Breige Tinnelly, Head of Market Development Archax, will be speaking at the @GBBCouncil conference, ‘The Future of Digital Finance’, hosted by @Clifford_Chance on Tuesday, October 1st.
This is a fantastic opportunity to discuss, network, and hear from key leaders who are shaping the future of digital finance.
The world of stablecoins is evolving rapidly and we are being approached about new projects all the time at @ArchaxEx . There’s a lot to take in given how the space is evolving and I thought I’d write some of our thoughts in a thread – try and stick with me! (1/23)