The Archax platform is a security and asset-backed token exchange based in London. The developers behind the Archax platform look to attract global institutional capital into the cryptospace. To accomplish this monumental task, the Archax platform primarily caters to the needs of large traditional financial firms.
Currently, there are very few regulated exchanges in operation within the EU. Archax seeks to change this. This lack of regulations has kept traditional investment firms from entering the market with confidence. Traditional investment firms are used to operating in a heavily regulated environment. Both the firms and their clients have grown accustomed to this level of protection when investing.
Recognizing the desire for a safer entry point into the digital economy, Archax’s team developed the concept for their investment firm-focused digital exchange. The exchange will follow the stringent securities regulations of London. This strategy provides investment capital a credible bridge into the blockchain space.
The Archax platform handles tokenized assets of all kinds. Speaking on the platform’s capabilities, the company’s CEO, Graham Rodford, explained how tokenization will revolutionize the financial sector in the coming years. He described how the “current digital asset world is just the beginning” before explaining the effects of tokenization across the market.
Rodford believes that once traditional investment firms realize the power of tokenization, it’s going to be a financial revolution. More specifically, the fact that you can tokenize anything. In order to capture the momentum of this FinTech revolution, Archax has assembled a team of highly-trained and experienced blockchain financial and legal experts.
David Lester is the former Chief Strategy Officer of London Stock Exchange. He is one of the main advisors for the Archax platform. Speaking on his decision to join the project, Lester explained how tokenization and blockchain technologies disrupt the traditional market landscape. He then explained how blockchain technology enables a more transparent and frictionless trading experience for all.
Archax was founded on June 26, 2018 with the goal of bridging the gap between traditional and technical investors. The company’s CEO and Co-Founder Graham Rodford is no stranger to the financial markets. Previously, he was the COO and CCO for a $1.4 billion dollar hedge fund based out of London. Additionally, Graham has held high ranking positions at numerous well-known banks such as HSBC, Caliburn Capital, and Coutts Bank.
In September 2018, Archax announced a strategic partnership with Aquis Technologies. Aquis provides the Archax platform with a complete suite of exchange tools including operations, services, and access to the well-respected Aquis Matching Engine (AME). The partnership strengthens Archax’s positioning in the market significantly.
A More Secure Crypto Experience
Archax develops believe they have the solution to the current lack of traditional investment funds in the cryptomarket. Their unique approach is sure to provide many in the space with a more familiar approach towards investing.
Given the forwarding-looking stance of the Archax development team, coupled with their long list of experienced advisors, it shouldn’t be too long before this platform is a major contender in the security token space.
DX.Exchange Goes Bankrupt – CX Technologies Ltd
Additionally, a host of suppliers have taken suit against the company. These suits run the gambit from unpaid bills to the alleged fraud. The well-known cybersecurity firm, White Hat Ltd is one of the company’s claiming losses due to DX.Exchange actions. Another lawsuit lists Bee2See Dotan B.S. Solutions. This is the firm that handled DX.Exchange targeted marketing. Even the company supplying the servers never got paid – Malam Team.
Writing on the Wall – DX.Exchange
Employees and suppliers knew to take action earlier in the month after the firm closed its doors unexpectedly. At the time, DX.Exchange owner Pinhas Patarkazishvili cited the rising costs and dwindled profits the exchange had left. He told employees that he was searching for a merger or acquisition and if that he was unsuccessful, the company would permanently cease operations.
Security Tokens on the DX.Exchange
Will Employees and Affiliates Get Paid?
VNX Exchange Launches, Calling Luxembourg Home
While there are many hurdles yet to be cleared on the way to the mainstream adoption of digital securities, there is one that remains obvious. This would be a lack of marketplace solutions within the sector.
Looking to fill this void in the sector is VNX exchange. The Luxembourg based company has just announced the launch of their digital assets issuance platform, which will work to facilitate the tokenization and sale of assets. VNX indicates that the potential for a secondary market launch will be evaluated in time.
In an event held to mark the launch of the platform, the company even drew praise from the Luxembourg Minister of Finance, Pierre Gramegna. He stated,
“VNX is one of the success stories of Luxembourg House of Financial Technology, the LHoFT”
A Place to call Home
For those that follow the digital securities sector, a geographical trend may have been noted. With forward thinking regulations, and industry clarity, Luxembourg has begun to establish themselves as a nation open to blockchain based endeavours. This has resulted in more than just VNX calling the European nation home. The following companies are just a couple of examples of this.
While the VNX launch is a positive development for the sector, they are not the first to the table, and will not be the last. The following companies stand to be a two of the major competitors in the same space in which VNX is looking to carve out a place.
Wasting no time in the launch of their services, VNX is providing investors with access to an STO straight out of the gate.
This event will see Korean based, Streami, issue €3 million worth of digital securities. The company itself is solution provider within the world of blockchain through services ranging from a cryptocurrency exchange, to custody, and fiat gateways.
The event garnered commentary from representatives of each, VNX and Streami.
Alexander Tkachenko, CEO of VNX Exchange, stated,
“Streami offering demonstrates the real use case of asset backed tokens to finance VC investments.”
Junhaeng Lee, CEO of Streami, stated,
“I strongly believe in the development of the assets-backed digital financial instruments. VNX offering shows how fundraising for VC industry may evolve and by extension implications to the financial industry. I am very excited and proud that Streami is the first offering presented at VNX platform.”
To learn more about the structuring of these digital securities, make sure to peruse the Streami investor deck HERE.
While first conceived in 2017, VNX exchange was founded in 2018. The company operates within Luxembourg, and hopes to transform FinTech through their platform.
CEO, Alexander Tkachenko, currently oversees company operations.
Tokai Tokyo Financial Holdings to Bring Digital Securities to Japan
After spending months developing within the confines of the MAS FinTech Sandbox, digital exchange, ‘iSTOX’, looks to take its first large step forward – towards Japan.
It was recently
announced that Japan based, Tokai Tokyo Financial Holdings, has acquired a minority share of ICHX Tech (iSTOX ‘mother-company’).
This move represents a first for iSTOX, as the company looks to eventually offer their services to investors worldwide.
iSTOX has had a successful year, as they have been on the receiving end of various investments over this time. The first major example would be the globally renowned, Singapore Exchange (SGX), followed by a series of companies in the following months.
This latest investment, which totals $4.58M, equates to a 4.58% share in ICHX Tech. By acquiring the position, it is expected that digital securities, hosted on the iSTOX platform, will now be available to Japanese investors; this being possible through the brokerage capabilities of Tokai Tokyo Financial Holdings.
MAS FinTech SandBox
One of the reasons behind the success experienced thus far by iSTOX, can be owed to the fact that they are one of a very select group to be admitted into the Monetary Authority of Singapore (MAS) FinTech Sandbox.
This program allows for companies to trial new technologies and products, within a structured environment, allowing for continued public/client protective measures.
iSTOX is a subsidiary of Singapore based, ICHX Tech, which was founded in 2017. The company is fervently working to develop, and attain, adoption for their digital securities exchange. This platform, which is currently operative and accessible by accredited investors, is expected to make a full launch in Q4 of 2019.
CEO, Danny Toe, currently oversees company operations.
The team at iSTOX recently announced new growth, as they welcomed a new CCO – Oi Yee Choo. The following article takes a closer look Oi Yee Choo and what she brings to the table.
Operating out of Tokyo, Japan, Tokai Tokyo Financial Holdings is an investment firm, which was founded in 1929. The company is able to offer its clientele a variety of services, pertinent to securities, such as brokerage, distribution, and more.
Company operations are currently overseen by CEO, Tateaki Ishida.
In Other News
Singapore has rapidly established themselves as a leader within digital securities. With clear regulation, and forward thinking, companies have been able to effectively establish themselves within the Asian nation. The following articles are a few examples, highlighting industry moves which involve Singapore.