In recent news, Extauri has begun onboarding security tokens in anticipation of their upcoming platform launch. This process is open to companies that have already completed their own security token offering / digital security offering.
While there is often talk about the benefits of security tokens, and the new levels of liquidity they offer investors, this simply isn’t the case…yet. For the promise of increased liquidity and financial flexibility to be realized, we need to see the launch of secondary markets. We need to see exchanges that bridge the gap between crypto and traditional finance. Extauri aims to do just that.
About the platform
The exchange is expected to launch in Q2 of 2019. Although not all planned functions will be available at that time, core functions will be active.
The end goal is to have a comprehensive platform that appeals not only to investors, but potential token issuers as well. The exchange plans, in time, to play host for ICOs and STOs that wish to tokenize their companies.
Recognizing that the security of an investor’s funds is paramount, the exchange will be utilizing various methods to ensure this is achieved. The simplest and, arguably most important, step is in offering the My Admin Wallet (MAW). This will serve as a wallet for exchange users to hold their funds. What is important to note is that users will hold their own private keys. This means that not even Extauri can access funds within MAW (Extauri simply processes transactions). Simply put, if you don’t control the private keys to where you store your money, you are NOT in control of your money.
Extauri was founded in 2018, and is based out of Liechtenstein. With this exchange, they plan one being the first legally compliant digital securities exchange to launch within Europe.
Beyond the discussed exchange, Extauri has future plans of attaining a Multilateral Trading Facility licence (MTF). This means that they would become a self-regulated trading venue. In doing so, they would gain the ability to trade between various exchanges.
Upcoming STO of their own
Similar to competing platforms, Extauri plans on releasing their own token. This token will act as a utility token, and is based off of the ERC-20 protocol.
Known as TAURI, this token will provide users of the platform with various benefits
- 50% discount on transactions fees
- Discounts on ICOs and STOs hosted on the Extauri platform, if paid in TAURI tokens
Extauri is currently completing their private sale, with a public sale scheduled to launch in the coming weeks. When this occurs, we will provide more details and insight into the token sale.
Archax to Host Polymath Security Tokens on Upcoming Exchange
With the launch of Archax’s anticipated digital assets exchange looming large, the importance of populating listed assets is crucial. What better company to fill this need than Polymath? – a seasoned company already responsible for the tokenization of more assets than nearly anyone.
A mutual need was recognized between each company, resulting in the recently announced collaboration between the two.
This aforementioned collaboration will see Archax become home to assets tokenized through Polymath. In doing so, investors in these assets will finally be able to tap into higher levels of liquidity – a trait long touted as being key to digital securities.
Archax clients benefit through an increased selection of investment opportunities.
Polymath clients benefit by seeing their tokenized securities become more attractive through new found liquidity and exposure.
Upon announcing their newly established agreement, representatives from each, Archax and Polymath, took the time to comment. The following is what each had to say on the matter.
Graeme Moore, Head of Tokenization at Polymath, stated,
“At Polymath, partnership is part of our DNA. While we make it easy for firms to create and manage security tokens, we rely on the expertise of our partners for areas like secondary trading. We’re thrilled to work with Archax to provide security token issuers with an end-to-end solution for security token creation, management, distribution, and liquidity.”
Graham Rodford, CEO of Archax, stated,
“We are building the first truly global and institutional digital securities exchange based out of London and are looking to list credible token projects from across the world. Partnerships with leading players like Polymath ensure we are integrated into the emerging tokenisation ecosystem and we look forward to working with them and their clients, providing a secondary trading venue for tokens created using their technology.”
Beyond news of these companies working together, each have found themselves attracting attention in recent days, due to other activities.
Archax was a participant of the recently hosted Security Tokens Realised conference, which was hosted in London, UK. Our own CEO, Antoine Tardif, attended this event, coming away particularly impressed with a few companies – one of these being Archax, themselves.
Polymath, on the other hand, has recently given the public a glimpse at the functionality of their on-going Polymesh project. The company has high hopes for this blockchain, tailor-built for the digital securities sector.
Operating out of London, UK, Archax is an upcoming digital asset exchange, which was founded in 2018. With the exchange’s pending launch, the team behind Archax has been hard at work, establishing various partnerships to ensure an attractive platform.
CEO, Graham Rodford, currently oversees company operations.
One of the more recognizable names in digital securities, Polymath, is a tokenization platform which was founded in 2017. From their headquarters in Toronto, Canada, Polymath has assisted in the tokenization of over 150 assets to date.
CEO, Kevin North, currently oversees company operations.
A Pair of London Based Companies Find Common Ground with ‘Corda’
This newly established partnership was undertaken with the goal of providing clients of each, Archax and VALK, access to a suite of services enabling end-to-end issuance/trading of digital securities.
In order to enable this comprehensive suite of services, each company will bring something different to the table.
- VALK will facilitate the tokenization, issuance, and management of digital securities
- Archax will facilitate post trade activities and liquidity through access to secondary markets
What this means, is that digital securities created through VALK will have a home on the Archax Exchange. The result is that each company, and the respective digital securities, benefit greatly through the aforementioned capabilities.
Beyond their geographical location, there is one commonality between these two companies – use of the R3 Corda Platform.
As clients of R3 Corda, each, Archax and VALK, have access to an open-source DLT based platform, which enables to deployment of smart contracts.
In their partnership announcement, representatives from each, VALK and Archax, took the time to comment. The following is what they had to say on what this collaboration will mean, moving forward.
Antoine Loth and Elie Azzi, cofounders of VALK, stated,
“We are delighted to seal this partnership with Archax and look forward to being one of the first platforms on Corda to integrate with their exchange. Our clients will now have access to a gateway to liquidity and Archax can benefit from the incredible deal flow of our partners who are issuing, financing and trading very high-quality assets in the private equity, fund, infrastructure and real estate worlds. We are glad to be building the business interface between top performing and reputable institutional players and Archax, the most innovative market venue in the UK.”
Graham Rodford, CEO of Archax, stated,
“We are building the first truly global, institutional market for digital securities based in London. As such, we are keen to list the most credible token offerings – so partnerships like this one with VALK are highly relevant and important to us. Although we are blockchain agnostic in terms of the tokens that we list, we have partnered with R3 to use Corda for our own ledger and post-trade activities, so this collaboration with VALK, who use Corda too, makes a lot of sense. We are excited by the opportunity that the tokenisation of assets brings, and we look forward to working with VALK going forward.”
Speaking with Graham
In mid-2019, we were fortunate to have completed an exclusive interview with Archax CEO, Graham Rodford. Here, Rebecca Stoner, COO of securities.io, delves into what Archax hopes to accomplish and how they will achieve their goals.
Founded in 2018, VALK maintains headquarters in London, England. The team behind VALK has developed tech solutions which allow for the ‘management, trading, and investment of unlisted assets’.
Cofounder,s Antoine Loth and Elie Azzi, currently oversee company operations.
Founded in 2018, Archax maintains headquarters in London, England. Above all, the team at Archax is working to develop, and launch, an anticipated exchange, expected to serve the digital securities sector.
CEO, Graham Rodford, currently oversees company operations.
In Other News
While the launch of their digital securities exchange has taken longer to develop than originally anticipated, Archax remains one of the more anticipated projects in the sector. As such, we have found ourselves covering news pertaining to this young company on various occasions. The following are a few articles detailing what, exactly, Archax has been up to as of late.
SIX Acquires Stake in daura – SDX Exchange
A Strategic Advantage – SDX Exchange
- Smartlands Begins Realignment with Eyes on Liechtenstein Blockchain Act
- Circle Attempts to Sell SeedInvest, Doubling Down on StableCoin
- Flyt Property Brings First Tokenized Real Estate STO to Africa
- Bankhaus von der Heydt Unveils Blockchain Strategy
- The Rise of Stablecoins Sees Canadian Stablecorp Jump into the Fray