Archax, the exchange, broker, and custodian for digital assets, has integrated Fireblocks, a platform supporting blockchain applications and digital asset management. This partnership aims to strengthen the security of Archax's operations and extend product offerings and market reach.

Archax Expands Digital Asset Custody Services

According to the press release, this collaboration enables Archax to manage its treasury operations more efficiently and leverage Fireblocks' multi-layer security to safeguard customer funds. By integrating Fireblocks, Archax aims to benefit from the company's Multi-Party Computation technology and Intel SGX. The FCA-regulated firm emphasized the importance of collaborating with technology providers to give customers more choices.

The integration with Fireblocks also allows Archax to extend its suite of services to include crypto OTC and exchange offerings alongside supported crypto trading pairs. Archax's custody service supports other functions, such as the tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term engine, which handles money market funds and Real World Assets, and the exchange platform, which offers trading in both crypto pairs and regulated digital securities.

Archax is pleased to announce integration with @FireblocksHQ to expand its #digitalasset #custody service and leverage the Fireblocks network.

Read more here: https://t.co/NOZ5eqesQO#crypto #blockchain

— Archax (@ArchaxEx) May 28, 2024

Archax's partnerships extend beyond Fireblocks. The company has collaborated with Metaco, now Ripple Custody, to enhance its custody capabilities further.

Additionally, in March, Archax partnered with Talos, an institutional crypto trading platform. This collaboration aims to boost institutional access to digital assets by combining Archax's regulatory expertise with Talos. Archax's partnership with Talos will enable the former to leverage its FCA crypto asset registration alongside Talos' network of crypto liquidity providers and venues.

Integration into Talos' Platform

The two entities expect that this collaboration will strengthen Archax's over-the-counter (OTC) trading desk and enhance liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and efficiency in navigating crypto markets.

Archax announced that it will integrate its institutional-grade exchange and custody services directly into the Talos platform, expanding its offerings to Talos' institutional trading network. This includes regulated digital assets such as tokenized money market funds and crypto capital-protected notes.

Additionally, Archax plans to introduce crypto/MMF pairs to enhance security and profitability for investors, offering regulated MMF instruments and thereby reducing counterparty risks. These pairs will be available on Archax's platform, expanding from Bitcoin and Ethereum to include Solana and Litecoin and trading against USDC and GBP.