May 29, 2024 12:25
Archax, the exchange, broker, and custodian for digital assets, has integratedFireblocks, a platform supporting blockchain applications and digital assetmanagement. This partnership aims to strengthen the security of Archax'soperations and extend product offerings and market reach.
Archax Expands Digital Asset Custody Services
According to the press release, this collaborationenables Archax to manage its treasury operations more efficiently and leverageFireblocks' multi-layer security to safeguard customer funds. By integrating Fireblocks, Archax aims to benefit fromthe company's Multi-Party Computation technology and Intel SGX. The FCA-regulated firm emphasized the importance of collaborating with technology providers togive customers more choices.
The integration with Fireblocks also allowsArchax to extend its suite of services to include crypto OTC and exchangeofferings alongside supported crypto trading pairs. Archax's custody service supports other functions, such as the tokenization engine, which handles money market funds and Real World Assets, and the exchange platform, which offerstrading in both crypto pairs and regulated digital securities.
Archax is pleased to announce integration with @FireblocksHQ to expand its #digitalasset #custody service and leverage the Fireblocks network.Read more here: https://t.co/NOZ5eqesQO#crypto #blockchain
Archax (@ArchaxEx)
May 28, 2024Archax's partnerships extend beyond Fireblocks. Thecompany has collaborated with Metaco, now Ripple Custody, to enhance itscustody capabilities further.
Additionally, in March, Archax partnered with Talos, aninstitutional crypto trading platform. This collaboration aims to boostinstitutional access to digital assets by combining Archax's regulatoryexpertise with Talos. Archax's partnership with Talos will enable the former toleverage its FCA crypto asset registration alongside Talos' network of cryptoliquidity providers and venues.
Integration into Talos' Platform
The two entities expect that this collaboration willstrengthen Archax's over-the-counter (OTC) trading desk and enhance liquidityand efficiency in navigating crypto markets.
Archax announced that it will integrate its institutional-grade exchangeand custody services directly into the Talos platform, expanding itsofferings to Talos' institutional trading network. This includes regulateddigital assets such as tokenized money market funds and cryptocapital-protected notes.
Additionally, Archax plans to introduce crypto/MMF pairs to enhance security and profitability for investors, offering regulated MMF instruments and thereby reducing counterparty risks. These pairs will be available on Archax's platform, expanding from Bitcoin and Ethereum to include Solana and Litecoin and trading against USDC and GBP.
This article was written by Jared Kirui at www.financemagnates.com.
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