Archax
The venue through which tokenised money market fund share classes are distributed, including Federated Hermes UCITS funds, regulated by the Financial Conduct Authority since August 2020 and authorised across the UK and EU: a test of whether tokenized fund units can serve as wholesale collateral.
The profile
Regulated by the Financial Conduct Authority since August 2020 as the first digital securities exchange, broker and custodian in the United Kingdom, the firm runs an order book and custody stack for tokenized instruments and is authorised across the UK and EU. Tokenised money market fund share classes are distributed through the venue, including a partnership with Federated Hermes on UCITS funds. It is a test of whether a regulated venue can make tokenized fund units usable as wholesale collateral.
Products and services
- Archax Exchange
- FCA-regulated venue for trading digital securities and tokenized fund units alongside conventional cryptoassets.
- Archax Custody
- Regulated safekeeping of tokenized securities and cryptoassets held on behalf of institutional clients.
- Tokenised money market funds
- Distribution of tokenised UCITS money market fund share classes, including a partnership with Federated Hermes.
No development naming Archax has yet been filed against a primary source. The register entry stands so the institution, its jurisdiction and its products are on the record.