
Archax wins US broker dealer approval, pitches US gateway for European tokenized securities
UK-based digital asset exchange Archax has secured FINRA approval for its US subsidiary, Archax Markets, successfully registering as a broker-dealer with the SEC. This milestone follows a 17-month process that began after a failed acquisition attempt of Globacap’s US operations. By establishing this US presence, Archax aims to serve as a critical gateway for European tokenized securities to reach institutional investors in the United States. The firm plans to commence US operations within the current quarter, leveraging SEC Rule 15a-6 to facilitate cross-border transactions. By acting as a chaperoning broker-dealer, Archax enables its UK and Spanish entities to market tokenized private placements to US institutions under regulatory oversight from the FCA, CNMV, and SEC. This development is significant for the RWA market as it bridges the liquidity gap between European tokenization firms and US capital markets. The move positions Archax as a direct competitor to established US players like Securitize, which has also begun exploring European DLT Pilot Regime opportunities.



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