SPiCE VC, , announced this Monday that it has made a strategic investment by taking a stake in Archax, a yet-to-be-launched , which will be based in London.
Once launched, Archax will facilitate the trading of all types of security tokens globally for institutions and professional traders. The exchange is planned to go live sometime this year. Furthermore, Archax is also planning its own security token offering later this year, where it will tokenise and offer for sale part of its own equity.
Source: LinkedIn
“We focus on early stage opportunities with great teams who have the vision and ability to challenge and change the status quo. Archax fits the bill perfectly and will round out our portfolio by providing a credible institutional venue for all the security token initiatives we are involved with, as well as others, to be traded in.”
Digital Securities Continue to Grow in 2019
By using distributed ledger technology (DLT), digital securities, also referred to as , are when real-world assets are “tokenised”. Separate to the cryptocurrency industry, and therefore not prone to move as virtual currencies do, digital securities are a growing nascent industry.
Source: Archax
“Whilst looking for seed investment we were keen to find a partner who understood and believed in the digital securities space and could add value to our initiative. SPiCE is exactly that kind of partner. We look forward to working together to build out and evolve the infrastructure and systems that the digital securities ecosystem needs,” he added.
As part of the investment, SPiCE VC’s co-founder Ami Ben-David will join the Archax Advisory Board. Ben-David has a suite of experience in the technology industry spanning 25 years.
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