Standing as one of the up-and-coming institutional securities exchanges, Archax has made an announcement on Monday. The announcement itself is in regards to the firm acquiring one Alex Royle, due to serving as its Chief Compliance Officer, or CCO.
Leveraging Policy Experience
With this new position, Royle will bring his many years of experience when it comes to regulatory compliance, something that the London-based company will gain a great advantage.
Before his new position, Royle had served the UK’s regulatory agency: The Financial Conduct Authority, or FCA. Within it, he was responsible for policies in market structure, as well as the supervision of trading venues. Within this role, he had duties including the assessment of MTF/OTF applications, focusing on crypto-derivative and blockchain technology in particular.
Royle also spent several years in service of the European Securities Market Authority, or ESMA. There, he served as an expert in policy when it comes to secondary markets.
The Mandatory Kind Words
Of course, Royle commented on his new role, providing all the mandatory kind words that are expected of this situation. He explained that Archax holds a team that has high levels of experience from various financial markets. He further stated that Archax itself has a clear vision and strategy, with a clear interest in regulatory compliance (always a good thing). He explained that the company is seeking to legitimize the institutional markets of crypto within the UK.
Citing his experience, Royle states that the company can leverage his familiarity with the FCA’s strategies to aid in its launch of an institutional market within tokenized and crypto-assets. Royle himself is eager for this, he says and is further keen to help the company comply with the stiff regulations that the country has laid out for him.
Seeing A Market Niche
Archax itself is a company based within London, seeking to tokenize every type of asset they can. These include debts, private companies’ equities, arts, properties, and funds. As it stands now, Archax is making plans to launch its services during the mid-2020 timeframe. The company is planning to make itself available to professional clients and institutions.
Crypto integration is becoming more and more of a thing that is expected, rather than seen as a novelty. It’s a new step of technology, much like the invention of the first steam engine, and many countries are treating it as such. As the years go on, crypto integration will only become more prevalent.