Abrdn buys stake in digital assets exchange

News Team, 12/08/2022

Abrdn has bought a stake in digital assets exchange Archax.

The asset manager has concluded a deal to become the largest external shareholder. However, the sum of the stake remains undisclosed.

This is part of abrdn’s push to meet the demand of crypto assets and enter the digital asset market.

Archax was founded in 2018 and is the first digital securities exchange regulated by the FCA in London. It aims to provide access to blockchain-based digital assets for...

Continue reading this article...

Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.

You are currently not logged in,
login to view the full article
start by clicking this button.

Need a subscription,
fill out the form here or