Archax

Archax is a London-headquartered digital asset exchange, broker, and custodian built for institutional clients. Founded April 2018 by Graham Rodford, Andrew Flatt, and Matthew Pollard, Archax became in August 2020 the first digital asset firm to receive full FCA authorization in the UK to operate simultaneously as exchange, broker, and custodian. It was also the first entry on the FCA Cryptoasset Register. In March 2025 Archax acquired Globacap Private Markets Inc., an SEC- and FINRA-regulated broker-dealer in the US, rebranding it as Archax Markets US. The firm operates authorized entities across the UK, EU, and US. Supported blockchains include Ethereum, Polygon, Solana, Hedera Hashgraph, XRP Ledger, Algorand, Arbitrum, Etherlink, Stellar, and XDC. Archax raised an 8 million dollar seed round in October 2020 and closed a 28.5 million dollar Series A in November 2022 led by Abrdn, which also acquired a direct stake in the exchange. Tokenization milestones include blockchain prototypes of FTSE 100 shares and UK gilts in June 2023; tokenized money market funds from State Street, Fidelity International, and Legal and General in November 2024; tokenized collateral used for a live Lloyds-Aberdeen FX transaction in July 2025; Federated Hermes UCITS MMFs in October 2025; the Canary HBR ETF on Hedera in November 2025; 100-plus securities on Aptos in May 2026; and BNY Investments UCITS funds in May 2026. The ACE API exposes the platform via REST and WebSocket with JWT auth, real-time market data, order management, and fund subscription workflows.