abrdn takes stake in digital securities exchange

Largest external shareholder

Kathleen Gallagher
clock • 1 min read

abrdn has become the latest asset manager to put money into digital assets, concluding a deal to become the largest external shareholder in Archax, a digital securities exchange.

Archax, which is founded by former hedge fund executives, provides a platform for institutional investors to trade cryptocurrencies and tokenised securities, including fractions of shares. The firm was established four years ago and is the first and only digital securities exchange that has gained FCA permissions covering trading, custody and brokerage. The exchange will launch later this year.  In time, the asset manager will use the exchange to grant clients access to its funds in tokenised form and assets that are less easily tradeable such as private debt, private equity and build...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Longevity, AI, and why we need more empathy in advice

Longevity, AI, and why we need more empathy in advice

'The future of advice isn't about being smarter. It's about being more human'

Ruth Handcock
clock 12 May 2025 • 4 min read
Single pane of glass: Unifying communication supervision across channels

Single pane of glass: Unifying communication supervision across channels

Consolidates communications from multiple channels into a single, real-time dashboard

David Clee
clock 07 May 2025 • 4 min read
PA360: AI 'here now' and transforming adviser workflows

PA360: AI 'here now' and transforming adviser workflows

‘AI is not coming for your jobs’

Sahar Nazir
clock 01 May 2025 • 2 min read