- Regulated Digital Asset Exchange Archax aims to revolutionize institutional investor involvement in digital assets by partnering with Hedera Hashgraph.
- So, by leveraging Hedera’s bank-level security and performance, Archax aims to provide a trusted platform for the trading and custody of digital assets.
UK-based regulated global digital asset exchange Archax is currently gearing up for a transformative regulated global digital asset exchange. The exchange wants to change the way institutional investors interact with digital assets.
As a result, Archax has partnered with Hedera Hashgraph while leveraging bank-level network security and performance, according to the Crypto News Flash report. In this way, Archax can offer institutions a trusted platform for both trading and custody of digital assets.
On the regulatory front, the lack of coherent and consistent regulation of digital assets has created significant constraints for institutional investors. The diverse regulatory landscapes across jurisdictions presented a complex maze for global institutions, with some regions taking a cautious approach while others actively developed regulatory frameworks.
This regulatory disparity increased compliance risks and complicated navigation through different regulatory regimes, requiring extensive legal and compliance resources. Leveraging its deep-rooted experience within the heavily regulated financial sectors, Archax has taken proactive measures to address this challenge.
Thanks in large part to the expertise of Mr. Graham Rodford, Archax’s former Chief Compliance Officer at a UK-based hedge fund, the company has navigated these complexities to become the first company to gain regulatory approval from the Financial Conduct Authority (FCA) has obtained. This milestone accreditation positioned Archax as the premier digital securities exchange, custodian and broker, building confidence among institutional investors and cementing its status as a trusted leader in digital assets.
Here you can read how Archax uses the Hedera technology
Archax addresses these challenges head-on by promoting a culture of transparency and placing the utmost importance on safety measures. Accredited and regulated, their platform instills customer confidence by adhering to strict compliance standards, including robust anti-money laundering (AML) and know-your-customer (KYC) protocols.
Additionally, Archax takes security measures by leveraging both the expertise built up through years of operations within heavily regulated financial institutions and the inherent security features embedded in the distributed ledger technology (DLT) that underpins their platform, specifically the Hedera -network.
Hedera’s asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism ensures fair and secure transaction timing and sequencing, limiting any potential for manipulation. Additionally, cryptographic tools such as digital signatures and hash functions protect data integrity, preventing any attempted manipulation. These robust features, combined with Hedera’s enterprise-grade security focus, enable Archax to provide unparalleled protection for their customers’ sensitive financial transactions.
To address infrastructure challenges, Archax has created solutions to overcome the barriers to institutional investors’ move into digital assets. Archax offers an infrastructure that is tailored to the distinctive requirements of digital assets. Their platform integrates seamlessly with existing systems, facilitating efficient clearing, settlement and custody of digital assets.
