Connect with us

Digital Securities

Archax to Streamline Post-Trade Activity through R3 Corda Platform Integration

mm

Updated

 on

r3

DLT Infrastructure

With Archax looking to provide their future clientele with a comprehensive experience, they have recently announced a partnership with R3 Corda.

This partnership will see Archax benefit from services proffered by R3, as they bring the ability to support DLT based post-trade activities.

Archax has indicated that they will be integrating a private version of the R3 platform into their services. While this is being done in an effort to offer an all-in-one solution, it also makes this solution a more cost & time efficient one.

Commentary

In their released announcement, representatives from each, Archax and R3, took the time to comment. The following is what each had to say regarding the partnership.

Graham Rodford, CEO of Archax, stated,

“Our existing systems and partnerships with firms like Aquis, provide the core functionality for our exchange. R3, with its Corda product, provides the final piece of the puzzle on which we can build a truly revolutionary post-trade solution. Although Archax is blockchain agnostic for digital security issuances, we needed an institutional-grade system for our own post-trade use. R3’s permissioned blockchain solution is already used by leading blue-chip organisations so fits the bill perfectly. This partnership will deliver the blockchain efficiency gains for financial markets that are so often talked about, and we believe will be the first of its kind…The current post-trade process in traditional financial markets is hugely inefficient, with many intermediaries involved. This partnership between R3 and Archax will enable us to revolutionise the current post-trade space, removing friction and streamlining activities to improve efficiency and reduce cost.”

Cathy Minter, CRO of R3, stated,

“Working alongside the world’s leading financial institutions, R3 made a conscious decision to leverage blockchain technology to solve real business problems in both complex and highly regulated markets. Representing assets as tokens on a blockchain platform is one of the most impactful applications of the technology and a key focus for R3, too. Archax, with its experienced team and base in London, is building one of the most credible venues for these tokens and will play a key role in driving institutional adoption. As such, our Corda Enterprise platform is ideally-suited for this project, and we look forward to working together to disrupt and revolutionise how financial markets operate.”

Speaking with Graham

We recently had the pleasure of completing an exclusive interview with Archax CEO, Graham Rodford. In this discussion we learn more about, not only Rodford himself, but future plans for the promising Archax.

Interview Series – Graham Rodford, CEO of Archax

Archax

Founded in 2018, Archax is a London, England based company. Above all, Archax is working to establish themselves as an authority within the digital securities sector. The company is soon approaching the launch date of their anticipated exchange for digital securities.

CEO, Graham Rodford, currently oversees company operations.

R3 Corda

Operating out of New York, New York, R3 Corda is an ‘enterprise blockchain software firm’, which was launched in 2015. The company describes their platform as offering the ability to record, manage, and execute financial agreements in an efficient manner.

CEO, David E. Rutter, currently oversees company operations.

In Other News

With an expected launch date rapidly approaching, Archax has caught our attention on multiple occasions. As recently as 2 days ago, we were reporting on a new partnership with HighCastle. The following articles demonstrate a few of the more recent developments announced by Archax.

HighCastle Seeks Increased Liquidity through Archax

Unbound Tech to Offer Custodial Solutions for Archax Exchange

Globacap to Integrate Services with Digital Exchange Archax

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.