While security tokens have captured the attention of many – due to their potential for unlocking liquidity in traditionally illiquid assets – they need a place to call home for this to be realized. Issuance platform, Smartlands, has now announced a partnership with exchange, Archax, which will see the latter provide this home.
This means that forthcoming security tokens backed by real estate, issued through Smartlands, will be actively traded on the Archax Exchange when it launches in late 2019.
Upon making their announcement, representatives from each, Archax and Smartlands, took the time to comment. The following is what each had to say on the matter.
Arnoldas Nauseda, CEO of Smartlands, stated,
“Today, Smartlands is making a huge leap towards the ultimate liquidity of asset-backed digital assets…We were the first in the UK to tokenise an asset using both crypto and fiat currencies on our FCA-registered fully compliant platform, and we want to welcome more institutional investors to Smartlands. Right now, institutions are hesitant to enter this massive market, citing a lack of transparency. Institutional-grade deals for trading assets on secondary markets require the highest level of regulatory compliance and very soon together with Archax, we will present to both investors and institutions the coveted opportunity to trade on a fully compliant Archax MTF.”
Graham Rodford, CEO of Archax, stated,
“We are excited by the benefits that tokenisation and blockchain technology introduces to asset classes such as real estate and private equity. Providing transparency and creating secondary markets unlocking liquidity to traditionally illiquid assets is exactly what Archax is all about. We are incredibly pleased to be partnering with Smartlands to bring this reality to the tokens issued on their highly innovative platform. We are looking forward to being at the forefront of this emerging ecosystem and working together as the security token world gathers pace.”
Smartlands is a London, U.K, based company, which was founded in 2017. This young company deals with anything ‘security tokens’. Above all, they function as an issuance platform – meaning they facilitate the tokenization of assets for global clients.
We recently were fortunate enough to be able to interview the CEO of Smartlands. Here, Arnoldas Nauseda provided us with more background not only on himself, but Smartlands.
Archax is a London, U.K, based company, which looks to function as an ‘institutional exchange for trading asset-backed tokens’. This exchange is scheduled to launch in the latter half of 2019.
As with Smartlands, we recently had the pleasure of interview the CEO of Archax. Check out the following link to learn more about this young company, and their plans for the future.
In Other News
Beyond interviews, we have notably reported on dealings pertaining to each of these companies various times in the past few months. Here are a few articles highlighting some of the steps that each of these companies have taken.