Archax secures ISO27001 to strengthen position as FCA-authorized exchange, broker, custodian
“The successful attainment of ISO27001 reinforces our policies of adhering to stringent regulations and control measures across all aspects of our operational infrastructure.”
Archax has announced that it has successfully gained ISO27001 certification, further cementing the FCA-regulated digital asset exchange, broker, and custodian’s position within the industry.
The ISO27001 certification, backed by the International Standards Organization (ISO), is a testament to the firm’s commitment to meeting strict security and compliance standards and provides assurance for all Archax clients.
“ISO27001 reinforces our policies of adhering to stringent regulations and control measures”
By securing the accreditation, Archax is able to provide an extra layer of comfort for clients when using the platform, knowing of the strong existing security measures.
Ben Brown, Chief Compliance Officer at Archax, commented: “The successful attainment of ISO27001 reinforces our policies of adhering to stringent regulations and control measures across all aspects of our operational infrastructure.”
Archax was the first UK investment firm that obtained FCA registration under the 5th Money Laundering Directive in the UK. This registration allows it to apply innovative technologies to our trading infrastructures and the way we are trading regulated financial instruments.
The FCA permissions allow Archax to securely hold client money and assets. Archax protects the money it holds on behalf of customers in line with FCA rules. Archax does not lend this money or use it to finance its own business.
Archax Ltd is authorized and regulated by the Financial Conduct Authority (“FCA”) as a UK investment firm with permissions to operate a Multilateral Trading Facility (“MTF”). The firm is on the FCA Financial Services Register with firm reference number (“FRN”) 838656. Additionally, the company is listed on the FCA’s Cryptoasset Register.
Under UK law, Archax is governed by the Financial Services and Markets Act (“FSMA”) 2000. Those who gain access to the Archax website are responsible for compliance with applicable laws and regulations.
Archax launched tokenization engine, custodian and primary raise platform
The new accreditation follows the launch of its tokenization engine to enable the creation of tokens backed by any regulated or unregulated real-world or traditional asset. The engine allows Archax to roll out token representations of existing assets, starting with blue-chip UK traditional equities and funds to trade alongside new cryptoassets.
The Archax institutional, digital asset ecosystem facilitates fundraising, tokenization, custody, junior market, and full-blown exchange. It also covers a broad range of assets, from cryptocurrencies to tokeniszd assets to digital securities to NFTs.
The company has also recently rolled out its regulated digital asset custodian and its primary raise platform. Now, it is creating tokens backed by top listed traditional equities which they plan to trade on their exchange.
After tokenizing traditional equities, Archax plans to issue tokens of treasury instruments, carbon credits, and a number of tokenized fund projects, as well as other innovative cryptoasset instruments resulting in a multi-asset venue.
Benefits and efficiencies of tokenization on Archax include 24×7 trading, streamlined corporate actions as well as the potential for new forms of DeFi collateral. Archax added that tokenizing assets like funds can open up new potential investor bases and create secondary markets for trading outside of redemption cycles.
These traditional asset-backed tokens also provide interesting new exposure for firms already operating in the crypto space, offering access to less volatile instruments within those digital rails, as well as leveraging cross-collateralization opportunities in the Web 3.0 DeFi space – such as borrowing and lending.