- Archax emphasizes security with AML and KYC protocols, utilizing the secure Hedera network for transaction processing.
- Plans to expand services, adding more cryptocurrencies and enhancing infrastructure to support institutional investor transactions.
Archax, a digital asset trading platform, has positioned itself at the forefront of financial technology by integrating distributed ledger technology (DLT) into its operations, primarily targeting institutional investors.
Founded in 2018 by Graham Rodford, Matthew Pollard, and Andrew Flatt, Archax originated from an interest in the capabilities of DLT to enhance financial transactions beyond just cryptocurrency applications.
Regulatory Compliance and Market Trust
The founders, who brought extensive experience from regulated financial backgrounds, saw the potential for DLT to transform financial asset management. They recognized early barriers such as regulatory uncertainty and the lack of a supportive infrastructure which could deter institutional engagement.
Archax has successfully obtained regulatory approval from the UK’s Financial Conduct Authority (FCA) to operate as a digital securities exchange, custodian, and brokerage. This regulatory approval positions Archax as a reliable participant in the digital asset market.
Security Measures and Infrastructure Development
Archax prioritizes security by adhering closely to anti-money laundering (AML) and know-your-customer (KYC) standards. For transaction security, the platform employs the Hedera network, renowned for its robust asynchronous Byzantine Fault Tolerance (aBFT) system that ensures secure transaction sequencing.
This technology ensures that transactions are processed fairly and securely, reinforcing trust among its users.
Expanding Services and Future Growth
Archax serves as a digital securities exchange where institutional investors can trade a variety of digital assets, including security tokens and cryptocurrencies. It also acts as a custodian, safeguarding these assets under rigorous security protocols.
As part of its future strategy, Archax aims to expand its services to include more cryptocurrencies and enhance its infrastructure to support seamless transactions for institutional investors.
The company plans to increase its client base by adding more investment funds and expanding its staking services. Furthermore, Archax intends to deepen its integration with traditional financial systems to facilitate easier adoption of digital assets by mainstream financial entities.
As Archax continues to bridge traditional finance with digital asset markets, it remains focused on providing secure, regulated, and comprehensive services to institutional investors, aiming to facilitate their smooth transition into the digital asset environment.
The current price of Hedera (HBAR-USD) is approximately 0.089726 USD, showing a recent increase of 0.003326 USD or about 3.85%.
