Archax
Archax is a London-based, FCA-regulated digital asset exchange, broker, and custodian offering tokenisation, trading, custody, and regulatory services across 20+ blockchain networks to institutional asset managers, banks, and crypto firms.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Archax does
Archax Ltd is a London-headquartered, FCA-regulated digital asset exchange, broker, and custodian operating under FRN 838656 with an MTF (Multilateral Trading Facility) classified as an SME Growth Market, FCA CASS safeguarding permissions, and S21 Financial Promotions approver status. The firm was the first UK investment firm registered under the 5th Money Laundering Directive and the first listed on the FCA cryptoasset register, and it holds ISO 27001 certification. Archax expanded into the US market in March 2025 via the acquisition of Globacap Private Markets Inc., an SEC and FINRA-regulated broker-dealer, now operating as Archax Markets US. The company is led by CEO Graham Rodford and Chairman David Buckley, with a leadership team including a CMO, CFO, COO, and CCO, and a headcount of 51-100 employees.
Archax operates an integrated platform spanning tokenisation (Tokenisation Engine, Stablecoin Service), trading venues (Regulated MTF Exchange, Bulletin Board for junior-market digital securities, Crypto OTC desk covering 100+ pairs across 20+ liquidity providers), investment distribution (Invest platform with tokenised funds from Aberdeen, BlackRock, BNY Mellon, Fidelity International, LGIM, State Street, and Federated Hermes), and institutional custody built on Ripple Custody orchestration with IBM Cloud Hyper Protect Crypto Services on LinuxONE FIPS 140-2 Level 4 hardware. The technology is chain-agnostic, supporting 20+ blockchain protocols for tokenisation (Ethereum, Hedera, Solana, Stellar, Canton, Aptos, XRP, Tezos, Polygon, Arbitrum, XDC, Algorand, Etherlink, tZero, and others) and 14+ for custody. Complementary offerings include MiCA whitepaper drafting, S21 financial promotions approvals (600+ tokens approved), Ethereum and Hedera staking, treasury solutions, and bespoke tokenised products such as the $GOVY perpetual T-Bill token, MCM Fund I reinsurance fund, and LRC Tokenised Real Estate Fund on Goldman Sachs' GS DAP.
Revenue is generated through a diversified mix of streams: transaction fees on the MTF and bulletin board, OTC brokerage spreads (riskless-principal), custody and treasury management fees, access fees on tokenised funds (e.g., 0.20% on abrdn Liquidity Fund), staking yield share (Archax retains 10% of yield), and bespoke professional services for tokenisation projects, stablecoin issuance, and MiCA whitepaper drafting. The customer base is anchored by global institutional asset managers (BlackRock, Aberdeen, BNY Mellon, Fidelity International, LGIM, State Street, Federated Hermes), banks (Lloyds Banking Group, Standard Bank), reinsurance and real estate vehicles (MembersCap, LRC Group), and crypto firms (Bybit, GlobalBlock), with distribution reach extended through channel partners including tZERO, Assetera, ClearBid Global Markets, and the Canton Network Industry Working Group.
Archax firmographics
Firmographics- Name
- Archax
- Legal name
- Archax Ltd
- Website
- https://archax.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Archax is a London-based, FCA-regulated digital asset exchange, broker, and custodian offering tokenisation, trading, custody, and regulatory services across 20+ blockchain networks to institutional asset managers, banks, and crypto firms.
- Ownership category
- akta.pro rank
Archax industry classification
Industry- Product category
- Regulated Digital Asset Trading & Custody
- NAICS
- Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Multi-Asset Alternative Trading Systems (ATS) / Multilateral Trading Facilities (MTF) (FSAFAEAC)
- akta.pro secondary industries
- Institutional API Connectivity, OMS/EMS & FIX Gateways (FSADAJAJ), DEX Analytics, Indexers & Trading Terminals (FSADABAK), ATM / Cash Access Network Schemes (FSAMAAAH), Embedded FX & Cross-Border Treasury (FSAGALAG)
Keywords
Where Archax is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Archax business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Bulletin Board Trading Fees: Secondary market trading fees on the bulletin board service for tokenised real-world assets and digital securities, with simpler listing rules than the full MTF.
- Regulated Exchange Transaction Fees: Trading fees on institutional-grade digital securities exchange (MTF) for digital securities and tokenised real-world assets.
- Crypto OTC Brokerage: Bespoke off-exchange brokerage for large-scale crypto trades across 100+ trading pairs via 20+ liquidity providers, using a riskless-principal model with bespoke pricing.
- Custody Fees: Institutional-grade multi-asset custody fees across cryptocurrencies, securities and fiat/cash, with yield generation where available.
- Tokenisation Service Fees: End-to-end tokenisation project fees for real-world assets covering planning, token creation, secondary market listing, ongoing management, minting/burning, AML/KYC, and corporate actions automation.
- Stablecoin Issuance Service: Bespoke stablecoin issuance service including regulatory expertise, issuer structuring, reserve management support, technology infrastructure, liquidity solutions, and ongoing support.
- MiCA Whitepaper Drafting Service: End-to-end MiCA whitepaper drafting including data gathering, adherence to MiCA Articles 5-9, ESG disclosures (Article 66), stakeholder liaison, and iXBRL-ready submission support.
- S21 Financial Promotions Approvals: FCA S21 permission to approve financial promotions of qualifying cryptoassets and certain cETNs for unauthorised firms outside the UK, with 600+ tokens approved to date.
- Fund Access Fees: Archax access fee charged on tokenised money market fund investments (e.g., 0.20% on abrdn Liquidity Fund USD) on top of underlying asset manager management fees.
- Treasury Solutions & Yield-Bearing Custody: Safeguarding under CASS permissions for GBP/USD/EUR plus money market funds, short-dated government/corporate bonds, commercial paper, yield enhancement strategies and longer-dated solutions.
- Staking Service Fees: Archax retains 10% of staking yield on Ethereum (advertised 5.50% ROI) and analogous staking arrangements on Hedera (HBAR), with minimum 32 ETH for Ethereum staking.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Crypto Exchange - No minimum deposit/withdrawal fee, 'lowest' trading fees, cash/stablecoin/crypto deposits |
| Other | Pay-as-you-go | Crypto OTC - Bespoke riskless-principal execution across 100+ cryptocurrencies and 20+ liquidity providers |
| Unit Pricing | Pay-as-you-go | abrdn Liquidity Fund (Lux) US Dollar - Minimum $50,000 |
| Unit Pricing | Pay-as-you-go | abrdn Liquidity Fund (Lux) Sterling - Minimum £50,000 |
| Unit Pricing | Pay-as-you-go | abrdn Liquidity Fund (Lux) Euro - Minimum €50,000 |
| Unit Pricing | Multi-year contract | LRC Tokenised Real Estate Fund - Minimum £100,000 |
| Unit Pricing | Pay-as-you-go | MCM Fund I (MembersCap Reinsurance) - Fund fees available in prospectus |
| Unit Pricing | Pay-as-you-go | $GOVY Tokenised US Treasury Bills - Minimum $100,000 |
| Unit Pricing | Multi-year contract | Mikro Kapital ALTERNATIVE Bond - Minimum $10,000 (USD) or €10,000 (EUR) |
| Unit Pricing | Multi-year contract | TradeFlow Bond - Minimum not publicly disclosed |
| Unit Pricing | Pay-as-you-go | Federated Hermes Short-Term U.S. Prime Fund - 0.12% management fee |
| Unit Pricing | Pay-as-you-go | Federated Hermes Short-Term Sterling Prime Fund - 0.11% management fee |
| Unit Pricing | Pay-as-you-go | Fidelity Institutional Liquidity Fund USD - 0.15% Fidelity management fee |
| Outcome Based/ Performance | Pay-as-you-go | Ethereum Staking - 32 ETH minimum, advertised 5.50% ROI |
| Other | Multi-year contract | Stablecoin Issuance Service - Bespoke / Quote-based |
| Other | Multi-year contract | Tokenisation Engine - Bespoke / Quote-based |
| Other | Pay-as-you-go | MiCA Whitepaper Drafting Service - Bespoke / Quote-based |
| Other | Pay-as-you-go | Custody Service - Bespoke / Quote-based |
Go-to-market motion1 record
Distribution channels12 records
Marketing channels8 records
Archax product offering
Product offeringCore offering
Archax is an FCA-regulated digital asset exchange, broker, and custodian headquartered in London. It operates a Multilateral Trading Facility (MTF) for tokenised real-world assets and digital securities, an institutional custody service, a multi-chain tokenisation engine, a crypto OTC desk, and a self-serve retail exchange. It also provides MiCA whitepaper drafting and FCA S21 Financial Promotions approval services for crypto issuers seeking UK/EU market access.
Product overview
Archax operates a platform-plus-modules architecture for regulated digital asset services in the UK and EU, headquartered in London and FCA-registered. The offering combines trading venues (Regulated Exchange, Bulletin Board, Crypto OTC), tokenisation infrastructure (Tokenisation Engine, Stablecoin Service), investment distribution (Invest platform with tokenised funds from abrdn, BlackRock, BNY, Fidelity, LGIM, State Street and Federated Hermes), and asset safeguarding (Custody with multi-chain support, Treasury Solutions) as core products. These are complemented by regulatory services (MiCA Whitepaper Drafting Service for EU Regulation 2023/1114 alignment, Financial Promotions approvals for S21), earning modules (Ethereum Staking and Hedera Staking), and bespoke tokenised products Archax has issued or distributed including $GOVY (perpetual T-Bill token), MCM Fund I (reinsurance fund), and LRC Tokenised Real Estate Fund. The platform supports multi-chain tokenisation across Hedera, Stellar, Canton, Aptos, Ethereum, Tezos, Solana, Polygon, XRP Ledger and other protocols, with ISO 27001 certification, FCA MTF authorisation (FRN 838656), and CASS custody permissions.
Differentiator
Problem solved
Functional benefit
Brands
- Archax Markets US: US broker-dealer entity operating under this brand following the acquisition of Globacap Private Markets Inc., offering regulated private market trading services and infrastructure for US clients.
- $GOVY
Products and services
- Tokenisation Engine Multi-chain, real-world asset tokenisation engine providing end-to-end services across planning, token creation, secondary market trading, and ongoing management with AML/KYC compliance and automated corporate actions.
- Stablecoin Service
Companies that use Archax
Customer profileNamed customers33 records
Segments7 records
Ideal customer profiles4 records
Archax technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
Feature8 records
Archax partnerships and signals
Strategic signalPartnerships
29 partnerships are on record, tiered flagship and moderate.
- Goldman SachsflagshipIssued the first blockchain-native tokens for the LRC Tokenised Real Estate Fund on 27 April 2026 via its GS DAP platform. Archax acts as custodian and distribution partner. Targets institutional investors across the EEA.
- Apex GroupflagshipProvides AIFM, administration, and depositary services for the LRC Tokenised Real Estate Fund on Goldman Sachs' GS DAP, in collaboration with Archax, LRC Group and Ownera.
- LRC GroupflagshipReal estate investment manager of the LRC Tokenised Real Estate Fund tokenised on Goldman Sachs' GS DAP with Archax as custodian and distribution partner. Fund invests in prime central London residential rental assets.
- OwneramoderateProvides connectivity infrastructure for the LRC Tokenised Real Estate Fund on Goldman Sachs' GS DAP, enabling interoperability across the tokenised real estate fund ecosystem.
- GenTwoflagshipStrategic partnership announced at Asset Rush 2026 in Zurich to launch tokenised versions of actively managed certificates and structured products on blockchain networks. Archax is the primary tokenisation partner, providing multi-chain infrastructure (Ethereum, Hedera, Solana, Stellar, Canton), custody and compliance.
- UK Carbon RegistrymoderatePartnered with Archax for tokenised Carbon Credit Linked Securities.
- Cardano FoundationflagshipLaunched the world's first tokenised institutional reinsurance fund in collaboration with MembersCap and Archax, linked to the London Stock Exchange, plus Archax LSEG integration for ADA-denominated products.
- Standard BankflagshipCompleted the first UK foreign exchange trades using tokenised RWA collateral on Hedera with Archax, supporting cross-border collateral mobility initiatives.
- XDC NetworkmoderateUsed Archax's MiCA Whitepaper Drafting Service; partnership enabled institutional-grade tokenisation and custody infrastructure on Cardano/LSEG Digital Markets platform with first product live on LSEG.
- GlobalBlock (GCEX Group)moderateCryptoasset financial promotions approved by FCA-authorised Archax Limited under the UK's new cryptoasset financial promotions regime. GlobalBlock is a high-net-worth-focused crypto broker and part of GCEX Group.
- Canton Network / Digital AssetflagshipArchax is a new participant in Canton's Industry Working Group alongside LSEG, Euroclear, Citadel Securities, Tradeweb, DTCC, Cumberland DRW, TreasurySpring and IntellectEU, advancing cross-border collateral mobility using tokenised Gilts and tokenised deposits.
- Applied Blockchain (Silent Data)moderatePrivacy-wrapped tokenised money market funds from Aberdeen, BlackRock, Fidelity International and State Street on Silent Data (programmable privacy Ethereum Layer 2), with Archax as the regulated digital asset platform for fund issuance and distribution.
- AptosmoderateMembersCap expanded its tokenised reinsurance fund MCM Fund I to institutional investors on the Aptos blockchain via the Archax platform.
- OpenPaydmoderatePartnered with Archax to streamline multi-currency settlement for digital asset trading.
- Lingfeng CapitalmoderateLaunched the Digital Venture Fund with Archax bridging institutional finance and digital markets.
- ClearBid Global MarketsmoderateSelected Archax as partner for UK and EU expansion.
- Lloyds Banking GroupflagshipCompleted the UK's first public blockchain transaction using Tokenised Deposits on the Canton Network in January 2026, purchasing a tokenised gilt from Archax. Built on a 2025 collaboration that also enabled tokenised money market funds and gilts as FX collateral with Aberdeen and Archax.
- BybitflagshipUK relaunch via FCA-regulated partnership with Archax using S21 financial promotions approvals, offering spot trading and P2P after a two-year pause. Archax approves Bybit's UK financial promotions.
- MembersCap (Members Capital Management Limited)flagshipLaunched MCM Fund I, the first tokenised institutional-grade reinsurance fund, with Archax as digital platform. Combines reinsurance expertise with multi-blockchain deployment (Aptos included) and dual fiat and digital currency subscriptions.
- TradingStackmoderatePartnered with Archax to support FIX connectivity for digital assets, enabling institutional trading workflows.
- KryptoBytemoderatePartnership on Bitcoin mining and asset custody, with KryptoByte planning to use stranded energy to mine Bitcoin at discount costs. Initially operating in the UK with expansion plans across Europe and globally.
- tZERO GroupflagshipCross-listing and distribution partnership for digital securities across US, UK and European markets. Brings Archax $GOVY (tokenised T-Bills) to US institutional investors through tZERO's regulated US infrastructure.
- LSEG (London Stock Exchange Group)flagshipFirst transaction on LSEG's Digital Markets Infrastructure platform for private funds, powered by Microsoft Azure, facilitated a primary fundraise with MembersCap and Archax. Also partnered on Archax LSEG integration for ADA-denominated products.
- Aberdeen InvestmentsflagshipCompleted the first UK trade using digital assets with Lloyds Banking Group and Archax in July 2025, employing blockchain technology to use tokenised assets as collateral in FX trades.
- Globacap Private Markets Inc.flagshipArchax acquired Globacap Private Markets Inc., a US SEC and FINRA-regulated broker-dealer, in March/April 2025 to expand into the US market. US operations conducted under the name Archax Markets US, offering regulated private market trading services and infrastructure.
- Hedera HashgraphflagshipDeep multi-year partnership spanning tokenisation of money market funds and gilts, real-time streaming cash flows using Circle's USDC, after-hours tokenised ETF trading, and tokenised US Treasury bond products on the Stellar/Stellar-related networks.
- Ripple CustodyflagshipArchax's digital asset orchestration system uses Ripple Custody, offering a programmable policy engine for dependable automation of complex workflows. Institutional-leading technology built in collaboration.
- IBM (Cloud Hyper Protect Crypto Services)flagshipArchax custody integrates with IBM's Hyper Protect Crypto Service built on top of LinuxONE servers utilising FIPS 140-2 Level 4-certified hardware for private key protection.
- Ethereum, Hedera, Solana, Stellar, Canton, Algorand, Polygon, Arbitrum, Etherlink, XDC, XRP, Aptos, Tezos, Bitcoin, Bitcoin Cash, Litecoin, Cardano, Avalanche, PolkadotflagshipMulti-chain infrastructure spanning 20+ blockchain protocols across the tokenisation engine and custody platform, providing chain-agnostic access for tokenised real-world assets and digital securities.
Scale indicators17 records
Recent moves7 records
Expansion highlights9 records
Archax competitors and assessment
Company assessmentDirect peers
- Coinbase: Coinbase is a publicly listed, US-regulated crypto exchange and custodian offering spot trading, staking, custody and prime brokerage to both retail and institutional clients. It directly competes with Archax in regulated crypto exchange, institutional custody and staking.
- Gemini: Gemini is a New York-regulated crypto exchange and custodian (Trust Company) serving institutional and retail clients with custody, staking and trading. It competes directly with Archax in regulated institutional digital asset services.
- Kraken: Kraken is a globally regulated crypto exchange offering spot trading, staking, OTC desk and institutional custody. It directly competes with Archax across exchange, OTC, staking and institutional custody services.
- Bitstamp: Bitstamp is a Luxembourg-headquartered, EU/UK-regulated crypto exchange and is part of Robinhood's crypto arm. It is one of the longest-standing regulated European crypto exchanges and competes directly with Archax's exchange and institutional services.
- Sygnum Bank: Sygnum is a Swiss-regulated digital asset bank offering trading, custody, tokenisation and lending to institutional clients. It is a direct peer in regulated digital asset banking and tokenisation, with comparable institutional focus.
- Zodia Markets: Zodia Markets is a UK FCA-registered institutional crypto broker and OTC desk (backed by Standard Chartered and SBI). It directly competes with Archax's OTC desk and institutional trading services in the UK/Europe.
- BCB Group: BCB Group is a UK FCA-regulated payments and digital asset business providing OTC trading, settlement and treasury services to institutional clients. It is a direct peer to Archax's OTC desk and treasury solutions offering.
- tZERO Group: tZERO is a US-regulated digital securities trading platform with its own broker-dealer and ATS. Archax has a cross-listing partnership with tZERO, but tZERO also operates a directly comparable regulated venue for tokenised securities competing for institutional RWA flow.
- Securitize: Securitize is a US-based tokenisation platform offering issuance, transfer agent and on-chain compliance services for digital securities and funds. It is a direct peer to Archax's Tokenisation Engine and regulated securities offering.
- Ondo Finance: Ondo Finance is a leading RWA tokenisation protocol issuing tokenised US Treasuries and structured products. It competes with Archax's $GOVY perpetual T-Bill token and broader tokenised fixed-income/treasury offering for institutional RWA flows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Archax social profiles
Digital presenceArchax compliance and trust
Trust signalCompliance8 records
Archax financial estimates
Financial estimateRevenue estimate
Valuation estimate
Archax leadership team
Management profileNumber of profiles
Profiles10 records
Archax subsidiaries and ownership
Company hierarchySubsidiaries1 record
Archax funding detail
Funding detailFunding overview
Funding rounds8 records
Investors21 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Archax M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Archax
What does Archax do?
Archax is an FCA-regulated digital asset exchange, broker, and custodian headquartered in London. It operates a Multilateral Trading Facility (MTF) for tokenised real-world assets and digital securities, an institutional custody service, a multi-chain tokenisation engine, a crypto OTC desk, and a self-serve retail exchange. It also provides MiCA whitepaper drafting and FCA S21 Financial Promotions approval services for crypto issuers seeking UK/EU market access.
Is Archax a public or private company?
Archax is a private company. It is classified as venture growth investor backed and is currently operating.
When was Archax founded?
Archax was founded in 2018. It employs 51 to 100 people.
Where is Archax based?
Archax is headquartered in London, United Kingdom, in the Europe region.
How does Archax make money?
Eleven revenue lines are on record. Bulletin Board Trading Fees are the primary driver. The others are regulated Exchange Transaction Fees, crypto OTC Brokerage, custody Fees, tokenisation Service Fees, stablecoin Issuance Service, miCA Whitepaper Drafting Service, S21 Financial Promotions Approvals, fund Access Fees, treasury Solutions & Yield-Bearing Custody and staking Service Fees.
Who are Archax's main competitors?
Direct peers on record are Coinbase, Gemini, Kraken, Bitstamp, Sygnum Bank, Zodia Markets, BCB Group, tZERO Group, Securitize and Ondo Finance.
Does Archax have an API?
Yes. Archax offers an ACE API (referenced as 'ACE API Spec v3') accessible at ace.archax.com for trading and programmatic access. The Crypto OTC service explicitly supports API connectivity alongside Telegram and email channels for executing large off-exchange trades. The OTC desk also provides tailored OTC pricing and execution via API for institutional clients. Developer documentation is at ace.archax.com/docs/api/?v8-16-0#ace-api-spec-v3.
What industry is Archax in?
Archax's product category is Regulated Digital Asset Trading & Custody. Its primary akta.pro industry code is FSAFAEAC, Multi-Asset Alternative Trading Systems (ATS) / Multilateral Trading Facilities (MTF), with a secondary code of FSADAJAJ, Institutional API Connectivity, OMS/EMS & FIX Gateways. Its NAICS code is 523210 and its SIC code is 6200.