Landmark move in the institutional crypto space as Northern Trust and Standard Chartered collaborate on missing piece of the puzzle for investors eyeing digital assets.
New York-based digital asset security specialist adds Franklin Templeton to its list of investors after $23 million funding round.
Archax originally targeted $5 million but the seed round was extended allowing it to exceed this and reach a total of $8 million funding raised to date.
Institutional and retail investors in the UK can now use the Gemini platform to trade digital assets, and access market data and custody services.
Archax has become the first digital securities exchange in the UK to be regulated by the FCA, as well as receiving FCA crypto asset registration.
Greg Tusar will build out the institutional trading infrastructure at Coinbase, after the exchange acquired crypto prime brokerage, Tagomi, which he co-founded.
Institutional investors will have access to crypto derivatives in Europe for the first time, following Kraken’s approval from the FCA to operate a crypto futures MTF.
As digital asset firms look to reach institutional investors, the largest players have realised the need for prime brokerage services and appear to have all made their moves at once.
Tokenisation exchange shows 373.60% growth in the first quarter as founder explains innovative tokenisation plans with The TRADE.
Latest partnership will see Diginex’s institutional clients gain access to the Itiviti NYFIX connectivity platform.