For professional investors only
Hamilton, Bermuda – AKJ, the leading provider of crypto trading and investment solutions for fund managers and professional investors, today announced that a secondary trading facility for its ecosystem token – AKJx – has launched on the Archax regulated ‘bulletin board’ digital asset market.
AKJx was launched in 2018 as a MiFID security and provides a range of discount incentive mechanisms to ecosystem participants. Since launch, clients have received enhanced returns by participating in these programs. AKJx serves as the unifying value capture instrument within the larger AKJ Ecosystem, a fully integrated fund and investment environment with nearly $2 billion in total assets.
Neal Mitra, CEO of the Crypto Hub of the AKJ Ecosystem, said: “The new and innovative nature of this milestone cannot be overstated. With the support and expertise of Archax as our partner in this endeavor, there is now a liquidity venue for AKJx – a digital security token – despite the lack of secondary trading critical mass within the still-nascent regulated digital asset space. This addresses a broader market gap and will support liquidity needs until the exchange options within the marketplace have sufficiently matured.”
Archax, the FCA-regulated digital asset exchange, broker, and custodian, offers its ‘bulletin board’ market to provide clients with the ability to post buy and sell interests for digital assets and securities for secondary liquidity – expanding opportunities in the evolving digital asset space. The market is a tailored solution designed to accommodate adjustable trading windows and settlement periods, catering to the specific needs of institutional and professional investors. The market is capable of listing both securities and tokenised digital assets, all held under Archax’s various regulatory permissions. Offering a regulated venue to unlock liquidity for tokens that have previously not been tradable, the market is complemented by the Archax regulated digital asset custodian solution.
Daniel Warden, Head of Operations at Archax, adds: "We are excited to add AKJx to our bulletin board market. Having this issuance listed demonstrates our commitment to broadening access and liquidity for digital assets – particularly for assets that don’t need our full-blown, central limit order-book. The AKJx digital security token sits nicely alongside the other digital assets within our trading and custody ecosystem – from tokenised funds, to equities and debt, to uranium and structured products, to crypto."
About AKJ
The AKJ group of companies operates the AKJ Ecosystem and serves hedge fund and institutional clients in 35 countries around the world.
The AKJ Ecosystem, a turnkey digital assets environment, provides institution-grade solutions for hedge fund managers and offers diversified investment access to the crypto economy for professional investors. The ecosystem, which has nearly US$2 billion in ecosystem assets and provides services to clients with an additional US$10 billion in AuM, is the leading crypto hedge fund ecosystem in Europe. The AKJ Ecosystem provides seed and accelerator capital to qualifying fund managers through its digital assets fund of funds, a top-ranked fund according to Eurekahedge. The interests of all participants – investors, fund managers and providers – are aligned through AKJx, a corporate enterprise token that fuels the ecosystem.
AKJ was established in 1995 and is owned by shareholders who collectively have over $24 billion in assets under management.
For more information about AKJ visit: https://www.akj.com.
About Archax
Archax is the first ever digital securities exchange regulated by the FCA in London. Targeted at institutions, Archax also has its FCA brokerage, custody and crypto permissions.
Founded by experts from traditional capital markets and backed by an accomplished advisory board, Archax offers a credible bridge between the blockchain world and the existing investment space. The Archax team is used to working in highly regulated markets and has a deep understanding of the blockchain landscape and tokenisation too – as well as a vision of how to evolve them and open up digital assets to institutions in a transparent manner.
For more information, go to www.archax.com.
