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...
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