Archax, an institutional digital securities exchange that’s based in the UK, announced on Wednesday it is teaming up with security token platform Polymath to launch digital security listings. Speaking about the collaboration, Graham Rodford, CEO of Archax, stated:
“We are building the first truly global and institutional digital securities exchange based out of London and are looking to list credible token projects from across the world. Partnerships with leading players like Polymath ensure we are integrated into the emerging tokenisation ecosystem and we look forward to working with them and their clients, providing a secondary trading venue for tokens created using their technology.”
Graeme Moore, Head of Tokenization at Polymath, further commented:
“At Polymath, partnership is part of our DNA. While we make it easy for firms to create and manage security tokens, we rely on the expertise of our partners for areas like secondary trading. We’re thrilled to work with Archax to provide security token issuers with an end-to-end solution for security token creation, management, distribution, and liquidity.”
As previously reported, Archax provides a globally accessible exchange for professional traders and institutions to trade in different types of digital securities. At present, the company’s application to run a multilateral trading facility (MTF) in London is being reviewed by the UK’s financial regulator, the Financial Conduct Authority (FCA). The platform’s description reads:
“An exchange designed specifically for institutions and built using existing, proven, resilient, scalable, high-performance exchange infrastructure, hosted in top-tier datacentre space, and integrated into the existing institutional trading workflow.”
Archax, which plans to launch later this year, is focused on institutions and professional investors, as well as all types of digital securities globally.