.abrdn_plc has taken a stake in ArchaxEx, the first and only digital securities exchange to be regulated in the U.K. By JamieCrawleyCD.
in August 2020, becoming the first exchange to offer digitized securities – tokenized versions of real-world assets – to do so.
“Archax is one of the most promising U.K. players in this next expected high growth area in finance – the use of digital and tokenized securities with same-day settlement. In that sense, the growth of the digital investment market is about much more than cryptocurrencies," abrdn CEO Stephen Bird said in the statement.
Abrdn, which manages 464 billion British pounds in assets, said it expects investors to use Archax as a route into investment opportunities in digital securities and connect existing offerings in a new way through tokenization of traditional assets.
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