Archax Hires Ex-FCA Supervisor to Oversee Compliance

Archax, a forthcoming institutional securities exchange, announced on Monday the appointment of Alex Royle as its chief compliance officer.

He is bringing years of experience working with the regulatory agencies, which is going to be a major advantage for the London-based company.

Prior to his new role, Royle was working for the United Kingdom’s Financial Conduct Authority (FCA) and was responsible for trading venue supervision and market structure policy. His role also included assessments of new MTF/OTF applications with a particular focus on crypto-derivatives and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology.

He also spent a couple of years at the European Securities Market Authority (ESMA) as a policy expert for secondary markets.

Commenting on his new role, Royle said: “Archax, with its highly experienced team from the financial markets, clear strategy and vision, and its attitude towards Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, clearly have the proposition to legitimize the space at the institutional level. Having been involved with the FCA’s strategy around crypto and tokenized assets, I now look forward to helping launch the first genuinely institutional market for these instruments, as well as ensuring that the Archax offerings meet the most stringent of requirements.”

Available only to institutions

Based in London, Archax will tokenize all types of assets, including equities of private companies, debts, properties, arts, and funds. It is planning to launch its services in mid-2020, which will be available to institutions and professional clients.

Last year, Finance Magnates reported that the company is planning to launch a digital asset custody service as well.

“Archax is designed to be ‘institutional’ throughout – it’s technology, systems, operations, processes, team, culture and products. Therefore, compliance and regulation are at the very forefront of our strategy. We see the tokenization of assets as the next significant and regulated step in the evolution of the crypto world and something that could potentially revolutionize traditional financial markets too,” Graham Rodford, co-founder and CEO of the platform, added.