Digital Assets Exchange Archax Raises $28.5M in Series A Led by Abrdn

Digital assets exchange Archax announced that it has raised $28.5m in a Series A funding round led by Abrdn, with participation from Bitrock Capital, Blockchain Coinvestors, the Tezos Foundation and others.

Archax is the only digital asset exchange to be licensed by the Financial Conduct Authority in the UK. It allows institutional investors to custody and trade a variety of digital assets as well as traditional securities.