The London-based firm will use the acquisition to expand its reach into U.S. markets.
Archax, a digital and traditional asset exchange, broker, and custodian, is extending its reach into U.S. markets with the acquisition of Globacap Private Markets Inc., a broker-dealer and alternative trading system (ATS) that will be renamed Archax Markets U.S., officials say.
“The acquisition of Globacap PMI in the U.S. builds on the strong partnership we already have with them in the UK, and is a part of that global strategy,” says Graham Rodford, CEO and co-founder of Archax, in a prepared statement. “The Archax vision has always been to offer our RWA products and services globally.”
Archax, which is regulated by the U.K. overseer the Financial Conduct Authority (FCA), offers issuance, custody, distribution, and trading services for assets in traditional and digital form. The firm has introduced products across multiple asset classes, including tokenized money-market funds, corporate bonds, carbon credits, and uranium on its platform. Archax will also be adding other traditional assets into the mix — starting with U.K. equities and gilts, and soon U.S. instruments too,” officials say.
Based in London, Globacap PMI, regulated by the SEC and FINRA, operates as a regulated broker-dealer and ATS to provide primary and secondary securities transactions in U.S. private markets. Through this acquisition, Archax will leverage these permissions and capabilities to offer its relevant core real-world asset (RWA) products and services in the U.S.,” according to the announcement.
Globacap provides capital markets technology that digitizes and automates the world’s private capital markets. It delivers a white-label software as a service (SaaS) solution that offers efficiency to private markets, officials say. The software’s digital workflows enable financial institutions, including securities exchanges, securities firms, private banks, and asset managers to accelerate their private market commercial activity while also driving down operating costs,” officials say.
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