London based Archax is targeting institutional investors with the launch of an exchange for digital assets, which is being positioned as different to existing exchanges that predominantly target retail investors, and which has drawn seeding capital from the Alphabit fund.
Apart from positioning itself as offering a serious play to bring tokens and blockchain technology to the area of institutional investing and investments – “a new institutional-grade exchange for trading crypto/digital assets, built for institutions and run in a regulated manner with them in mind” – a key differentiator put forward by Archax is the people involved in the project.
CEO and co-founder Graham Rodford was previously COO and CCO at Omni Partners – the hedge fund where he remains a non executive partner – but also with experience at HSBC, Caliburn Capital and Coutts Bank.
Matthew Pollard, CFO and co-founder, also has previous experience at Omni, likewise Andrew Flatt, CTO and co-founder.
Simon Barnby, head of Marketing, has 10 years at Fidessa Group as part of his previous experience.
In terms of the board, chairman is David Buckley, who is also chairman of Redwood Bank and non executive director and chair of the Audit Committee at CIBC World Markets. His previous experience includes being European CFO at Morgan Stanley and European head of Global Banking Group for Goldman Sachs.
Non executive director David Lester is the former chief strategy officer of the London Stock Exchange.
Terence Minkey is a managing director of Prime Finance at HSBC. David Blair is a fellow of the Institute of Chartered Accountants. Clair Cummings, of Cummings Law, has wide ranging experience around funds and regulations.
Phillip Treleaven is director of the UK Centre for Financial Computing & Analytics and Professor of Computing at University College London, where he holds the chair, while Daniel Brown is entrepreneur in residence at UCL – the institution is overall a “partner” to the new business.
For further information, including access to a White Paper, visit www.archax.com