A pair of United Kingdom based companies has recently announced a strategic partnership. Archax and Globacap will be working to integrate each’s respective services. This integration will see companies issuing digital securities through the Globacap platform, provided with seamless access to secondary market trading on the Archax exchange.
This is an important step, as it will provide the high level of liquidity for these digital securities, which is highly sought after by investors. In addition, Globacap becomes more attractive as an issuance platform, for companies looking to host their own STO. If they know that their token has the inside track towards being listed on a digital exchange, all parties will benefit.
Upon announcing their partnership, the CEO of each, Globacap and Archax, took the time to comment. The following is what each had to say on the matter.
Myles Milston, CEO of Globacap, stated,
“We are automating the process of raising capital by using technologies like blockchain to slash costs and simplify ongoing administration. With a high-profile client base and a growing pipeline of new prestigious issuances, we were keen to have access to a credible, institutional marketplace for secondary trading. Archax is credible throughout – from the team and advisory board behind it, to the systems and processes it is putting in place. This made them an ideal partner for us in this emerging space, and we look forward to working together.”
Graham Rodford, CEO of Archax, stated,
“Our aim is to create the leading institutional exchange for the trading of digital securities globally. Consequently, we are keen to work with other leading players in this space and ensure we list the leading issuances too. Globacap are clearly a pioneer in the emerging ecosystem, having been responsible for a number of successful security token offerings (STOs). We are pleased to be partnering with Globacap and look forward to working together to help further establish the institutional infrastructure that is needed.”
Globacap is a London, England, based company, which was founded in 2017. Operating as a regulated company under the watch of the Financial Conduct Authority, this young company offers companies, and investors, access to an ‘automated capital markets platform’.
Company operations are overseen by CEO, Myles Milston.
Archax is a London, England, based company, which was founded in 2018. Above all, Archax is working to develop, and launch, a digital exchange, supporting secondary market trading for digital securities. This exchange is expected to launch in late 2019.
Company operations are overseen by CEO, Graham Rodford.
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