UK-regulated crypto exchange Archax has acquired US-based broker-dealer Globacap Private Markets to expand its services and enter the US markets.
The acquisition allows Archax to use Globacap's regulatory permissions to offer its real-world asset (RWA) products and services in the US.
Archax aims to support institutional market participants in the tokenisation of assets and is focused on the shift from traditional to digital assets.
The acquisition comes amidst increasing demand for asset tokenisation, with major players such as Fidelity Investments and CME Group entering the space.