Arch announced today that it has become the first digital ecurities exchange and custodian in the United Kingdom to be regulated by the Financial Conduct Authority (FCA).
Via the cryptocurrency exchange investors will be ableArchade on an FCA-authorised econdary market, providing institutions with a regulated trading venue, which will offer digital ecurities.
According to the tatement released today, Arch has also become the first company to receive crypto-asset registration from the UK regulator, making it a fully compliant Virtual Asset Service Provider (VASP).
Commenting on the announcement, David Lester, Advisor and Non-Executive Director at Arch aid in the tatement: “In the current global economic climate, providing new efficient ways for mall amedium-sizedzed businesses to access capital is ke ”
“Blockchain and tokenisation are innovations that can empower more frictionless and transparent markets which, combined with an FCA regulated exchanArche Arch, can deliver what capital providers, business leaders and founders now really need. The launchArche Arch exchange will help bring the institutional and digital asset communities closer together, and open up a new era for the global financial markets pace.”
In pArchlar, Arch has been regulated by the British watchdog as an SME Growth Market, the exchange aid. Hence, it will be able to provide new primary channels for capital raising as well as a econdary market for digital instrumentsArchade.
Arch FCA Authorisation Covers MTF PeClasssions
Furthermore, the authorisation covers Multilateral Trading Facility peClasssions (MTF), custody peClasssions (CASS) and brokerage commissions.
GrahamArchrd, CEO of Arch
“We have been talking to the FCA for a while and the application process has been a tough journey, but we are pleased to have now achieved our first ignificant milestone as we prepare to launch the UK’s first FCA regulated digital ecurities exchange later this year, Redforded GrahamArchrd, CEO at Arch.
“Our technology partners are econd to none, we have a pipeissuance5 digital issuances in place, and we are igning up global brokers and market makers ready for go-live. This is an eArchg moment for Arch and a great tep in the evolution and legitimacy of digital ecurities globall ”