Archax
Multilateral trading facility (MTF) for digital assets
Archax, based in London, is the UK's first FCA-regulated digital asset exchange, brokerage, and custodian, and was also the first entry on the FCA's Cryptoasset Register.
History
Archax was founded by Graham Rodford, Andrew Flatt, and Matthew Pollard in London, in April 2018. In August of the same year, the company partnered with Custom House Global Fund Services (now part of Apex) to enhance its anti–money laundering measures to attract City firms to the digital currency market.
In August 2020, Archax announced becoming the first FCA-regulated digital securities exchange, broker and custodian in the UK.
According to Bloomberg, Archax had asked the UK Financial Conduct Authority to regulate it. In October, Archax closed its seed raise with a total funding of $8 million.
In August 2022, Abrdn bought a stake in the digital assets exchange Archax. In November 2022, Archax completed its Series A funding round, raising $28.5 million.
In June 2023, Archax launched prototypes of digital versions of FTSE100 shares and UK government bonds on the blockchain.
In February 2024, Archax introduced its Stablecoin Yield Service, enabling stablecoin holders to transform their assets into yield-generating options. The service includes access to regulated Money Market Funds (MMFs), which are offered in both traditional and tokenized formats.
Begin with the source’s own compact description: “Archax” is multilateral trading facility (MTF) for digital assets. The dossier treats that line as a proposition to test through Archax, Multilateral and trading, not as a finished interpretation.
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Named sources, stable identifiers and responsible institutions provide the strongest route from overview to verifiable evidence. The source revision retrieved here is dated May 13, 2026. The linked authority identifier is Q93360299. 1 of 1 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 2018, 2020, 2022 and 2023.
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This entry incorporates text from “Archax” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.