ChainCatcher news, Bitget announces its return to the UK market, launching compliant crypto services in accordance with the Financial Promotions Regulation. By partnering with the UK-regulated institution Archax, Bitget has restarted its new user registration service in the UK, allowing users to access and trade over 150 tokens, making it one of the exchanges with the richest asset selection among compliant crypto platforms in the UK.Bitget CEO Gracy Chen stated, "Compliance is a core pillar of our global expansion strategy. Re-entering the UK market and adhering to the regulatory framework enables us to provide users with a rich and trustworthy digital asset service in the rapidly changing crypto industry."

ChainCatcher news, cryptocurrency exchange and custodian Archax has agreed to acquire the Spanish brokerage King & Shaxson Capital Markets (KSCM) to expand its business in the EU following the implementation of the MiCA regulations.KSCM was established in 2019 in Madrid, serving pan-European institutional clients. After the acquisition, it will become a wholly-owned subsidiary of Archax. This acquisition will enable the FCA-registered company to extend its existing brokerage business, multilateral trading facilities (MTF), and custody services to Europe, while adding crypto derivatives to its license.

ChainCatcher news, the strategic partnership between the digital securities distribution platform Assetera and the digital securities exchange Archax, regulated by the UK's Financial Conduct Authority, will enable investors from UK Abrdn and other global investment firms to invest in 91 tokenized funds.The Assetera platform will initially provide tokenized access to the Abrdn money market fund, which manages £506 billion ($662 billion) in assets. Other asset management companies' funds are expected to join in succession.

ChainCatcher news, Ripple announced an expanded partnership with the UK crypto trading platform Archax, planning to bring hundreds of millions of dollars in tokenized real-world assets to the XRP Ledger (XRPL) over the next year, establishing XRPL as one of the leading blockchains for RWA tokenization.It is reported that Archax is the UK's first digital asset trading platform regulated by the Financial Conduct Authority, helping financial institutions to tokenize their financial RWAs.

ChainCatcher news, digital asset exchange, broker, and custodian Archax announced the provision of tokenized shares of BlackRock ICS U.S. Treasury Money Market Fund (MMF) in collaboration with the HBAR Foundation.It is reported that this is based on the tokenized access to the abrdn MMF created by Archax on the Hedera and Ethereum blockchains last year. The first tokenized stock transaction of the BlackRock MMF was also completed on the Ownera FinP2P digital asset network, which was also tokenized on Hedera.

ChainCatcher news, according to FinanceFeeds, the UK compliant cryptocurrency trading platform Archax has launched a stablecoin yield service.It is reported that the stablecoin yield service allows individual users to convert their stablecoin assets into marked, regulated money market funds (MMFs) to earn yields.

ChainCatcher news, the open-source proof-of-stake blockchain Hedera Foundation and the digital asset exchange Archax announced an enhanced collaboration to expand support for HBAR staking and further promote more tokenization projects. Archax has further integrated support for the Hedera network and Hedera Token Service (HTS) into its products and services.

ChainCatcher news, asset management company abrdn has partnered with cryptocurrency exchange Archax to focus on tokenizing traditional financial (TradFi) assets, aiming to gain a leading position in this emerging field. They plan to develop a regulatory environment for the tokenization and trading of various assets. This initiative marks the convergence of traditional finance and blockchain technology, which could fundamentally change the way assets are handled and traded.Early next year, Archax will launch trading pairs for the abrdn money market fund (MMF) token and Bitcoin (BTC). In other words, users will be able to exchange Bitcoin for USD MMF tokens instead of converting BTC to USD or USDC. The obvious next step (though the company has not publicly discussed this so far) is to use MMF ownership tokens as collateral.

ChainCatcher news, the regulated tokenized asset exchange Archax will be launched this year. Its Chief Marketing Officer Simon Barnby stated in an interview that the company plans to offer trading of tokenized assets such as funds and bonds by the end of this year.

ChainCatcher news, the UK crypto trading platform Archax has completed a $28.5 million Series A funding round, led by Abrdn, with participation from Bitrock Capital, Blockchain Coinvestors, and the Tezos Foundation. Archax is the only digital asset trading platform in the UK licensed by the Financial Conduct Authority, allowing institutional investors to custody and trade various digital assets as well as traditional securities. (source link)