Archax Acquires FINRA-Approved U.S. Broker Dealer for Tokenized Asset Offerings
The firm aims to provide tokenized real-world assets and equities in the U.S. market following its acquisition of a U.S. broker-dealer.
Key Highlights:
- Archax, a U.K.-regulated digital asset exchange, has successfully acquired the SEC- and FINRA-regulated broker-dealer, Globacap Private Markets, which will be rebranded as Archax Markets US.
- This strategic move allows Archax to serve institutional investors in the U.S. market, offering tokenized real-world assets including equities and bonds.
- The sector for tokenized assets is rapidly growing, with many financial institutions exploring blockchain technology for operational efficiencies and expedited settlements.
Archax positions itself within the booming institutional market in the U.S. after positive regulatory developments. The newly acquired firm Globacap Private Markets will be known as Archax Markets US, operational with the intention of servicing institutional and professional clients. This move reflects a broader trend in financial services where blockchain is being utilized to tokenize traditional assets like stocks and bonds.
The firm has been evaluating opportunities in the U.S. market for several years. With renewed interest and a favorable regulatory environment, according to CEO Graham Rodford, expanding operations into the country makes strategic sense.
In recent weeks, notable financial players like Fidelity Investments have also filed for tokenized investment products, showcasing the increasing adoption and innovation within this space.
Archax plans to broaden its portfolio to include tokenized U.S. equities and combine its existing partnerships across various blockchains, such as Ethereum and Solana. This aligns with its recent acquisition of a brokerage firm in Spain, aiming to enhance its international services, pending regulatory approvals.
