Today two regulated digital asset marketplaces, Archax and Assetera, announced a partnership to expand the pool of investors for the digital assets they list. UK asset manager abrdn is an investor in Archax which lists some of its tokenized funds. Hence, with this collaboration, those funds will also be available in the EU via Assetera listings.
Archax runs a crypto exchange and has a license from the UK’s Financial Conduct Authority (FCA) as a multilateral trading facility (MTF). Assetera has a comprehensive MiFID II license from Austria’s Financial Market Authority, allowing it to operate primary and secondary markets throughout the EU and EEA.
Apart from the expanded reach of two listings, a larger pool of investors should also increase the liquidity of the tokenized funds.
The abrdn funds will be the first Archax funds to list on Assetera. Archax also lists funds from BlackRock and Fidelity International. One of the key benefits of tokenization is the efficiencies enabling smaller investments, so-called fractionalization. For example, Archax supports minimum investments in abrdn funds of £5,000 ($6,550) whereas a conventional investment in the same fund would have to be over a thousand times larger, $75 million.
“This collaboration sets a new benchmark for digital asset distribution in the EU/EEA, integrating Archax’s regulated digital infrastructure with Assetera’s regulated DeFi market, further advancing the adoption of tokenized assets in Europe,” said Archax’s Nick Donovan.
