U.K.-regulated cryptocurrency exchange Archax has launched a digital asset custody service with the blessing of regulators, as institutional crypto players button up their operations and try to rebuild trust in the sector.and its new custody business are among the few offerings to have cleared the Financial Conduct Authority’s high bar for firms dealing in digital assets.
“Events like FTX have highlighted the need for a more traditional approach to things,” said Archax Chief Marketing Officer Simon Barnby in an interview. “As an FCA-regulated custodian, we are permitted to hold cryptocurrencies, tokenized assets like funds or real estate, as well as traditional instruments and cash for our clients.”
The Archax custody service will further appeal to banks and big institutional customers by virtue of being partnered with
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