London-based digital assets exchange, Archax has announced the conclusion of its Series A funding round in which it pulled the sum of $28 million from investors.
As announced by the firm, the funding round was led by abrdn and enjoined participation from Bitrock Capital, Blockchain Coinvestors, CE Innovation Capital, Keiretsu Capital, Lingfeng Capital, Mathrix AG, SGH Capital, and The Tezos Foundation.
Archax comes off as the only blockchain-based trading outfit licensed by the Financial Conduct Authority (FCA) to trade all kinds of digital assets including crypto and securities. That the company could pull such massive funding at a time when the cryptocurrency ecosystem and the global economic outfit, in general, are reeling from bankruptcies across the board.
“We are extremely pleased to have been able to complete a round of this size during the turbulent crypto and traditional financial market conditions of the last few…
