Archax secured funding totalling $8m to date from Alameda Research, Amnis Ventures, Bridgetower Capital et all.

Archax, a London, UK-based company operating the first FCA-regulated digital securities exchange, announced that closed a capital seed raise,

Originally targeting $5 million, the raise was then extended, and the company has now secured funding totalling $8 million to date. The most recent VC firms to invest include Alameda Research, Amnis Ventures, Bridgetower Capital, CoinFund, Edge196, Hudson Capital, QBN Capital and 7percent Ventures.

Proceeds will be used for the regulatory capital and runway needed to launch.

Archax, founded in 2018 and led by CEO Graham Rodford, is an institutional-grade exchange for trading asset-backed tokens (digital securities, security tokens, etc.). The company builds an exchange designed specifically for institutions and using existing, proven, resilient, scalable, high-performance exchange infrastructure, hosted in top-tier datacentre space, and integrated into the existing institutional trading workflow.