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Archax to Launch Regulated Exchange for Tokenized Assets This Year

Archax, a U.K.-regulated cryptocurrency exchange and crypto custody service, plans to offer an exchange for tokenized assets such as funds and bonds before the end of the year, Chief Marketing Officer Simon Barnby told CoinDesk in an interview on Tuesday. The target audience for the new exchange will be professional investors and institutions, he said. Tokenized assets are digital representations of those assets on a distributed ledger. The market for tokenized assets could reach as much as $10 trillion and $3.5 trillion even in the bear case, digital asset manager said in a report earlier this month. Archax received Financial Conduct Authority authorization as a regulated exchange, broker and custodian.

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