This week, institutional digital asset exchange Archax announced a partnership with blockchain firm VALK (previously known as Value on Chain). Both are using R3’s Corda enterprise blockchain technology and will work together to help financial institutions to issue and list digital assets on the UK-based exchange.
Archax was founded by two former executives from London hedge fund Omni Partners.
London-based VALK provides a blockchain solution that automates the back-office tasks of issuing and settling unlisted assets, including managing the life cycle of digital shares. By partnering with a digital asset exchange, VALK clients will get better liquidity for their assets. Meanwhile, Archax will benefit from the variety of digital securities offerings from the VALK clientele.
“Our clients will now have access to a gateway to liquidity and Archax can benefit from the incredible deal flow of our partners who are issuing, financing and trading very high-quality assets in the private equity, fund, infrastructure and real estate worlds,” said Antoine Loth, co-founder of VALK.
VALK has a prototype ready for its tokenization platform, according to its website. The platform offers a white-labeled solution to regulated financial institutions such as fund managers, asset managers, and investment banks.
Meanwhile, Archax is in the process of developing a blockchain exchange for asset-backed tokens. Some notable partners include — Securitize, Tokeny, DeeFi, ClearBank, Highcastle, Globacap, and Security Token Alliance, among several others.
“We are building the first truly global, institutional market for digital securities based in London. As such, we are keen to list the most credible token offerings – so partnerships like this one with VALK are highly relevant and important to us,” said Graham Rodford, co-founder and CEO of Archax.
The interest in digital assets is on the rise as an alternative asset class that provides more opportunities to raise capital for unlisted companies. Earlier this month, Ledger Insights reported on a Swiss Stock Exchange trader survey, which found that 83% of respondents envisage increased digital assets demand in the long term.
Meanwhile, Swiss Stock Exchange owner SIX has launched a prototype of its digital asset exchange, SDX. The company recently announced a digital asset partnership with stock tokenization firm daura.
In Japan, several institutions, including MUFG, Nomura and SBI, have invested in and partnered with tokenization platform Securitize. MUFG also initiated the Security Token (ST) Research Consortium.
