Archax, the forthcoming institutional digital securities exchange based in London, reports that it has appointed Alex Royle as its Chief Compliance Officer.

Royle brings extensive compliance and regulatory experience, most recently leading the supervisory effort of a number of the most innovative MTFs at the Financial Conduct Authority (FCA), the UK regulator.

Prior to that he served as a Seconded National Expert in Markets Policy at ESMA (European Securities & Markets Authority) and previously has worked across various functions, from market making to sales trading, within the fixed income and commodities exchange-traded derivatives space.

Archax, which plans to launch its exchange in mid-2020, is focused on providing a venue for institutions and professional investors to trade in digital securities. These take real-world assets, such as equity, debt, property, funds, etc, and tokenize them using a blockchain technology.

It says this not only modernizes and simplifies the process of raising capital by removing friction and middlemen, but also brings liquidity to currently hard-to-trade assets through fractional ownership and the creation of secondary markets that trade globally.

Graham Rodford, CEO and co-founder of Archax, comments: "Archax is designed to be ‘institutional' throughout – it's technology, systems, operations, processes, team, culture and products. Therefore, compliance and regulation are at the very forefront of our strategy.

"We see the tokenisation of assets as the next significant and regulated step in the evolution of the crypto world and something that could potentially revolutionise traditional financial markets too.

"Consequently, Chief Compliance Officer is a vital role for us to fill and we are pleased to have Alex with his highly relevant cross-asset experience, from both the regulator and business side, in this pivotal position."

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Archax, the forthcoming institutional digital securities exchange based in London, reports that it has appointed Alex Royle as its Chief Compliance Officer.

Royle brings extensive compliance and regulatory experience, most recently leading the supervisory effort of a number of the most innovative MTFs at the Financial Conduct Authority (FCA), the UK regulator.

Prior to that he served as a Seconded National Expert in Markets Policy at ESMA (European Securities & Markets Authority) and previously has worked across various functions, from market making to sales trading, within the fixed income and commodities exchange-traded derivatives space.

Archax, which plans to launch its exchange in mid-2020, is focused on providing a venue for institutions and professional investors to trade in digital securities. These take real-world assets, such as equity, debt, property, funds, etc, and tokenize them using a blockchain technology.

It says this not only modernizes and simplifies the process of raising capital by removing friction and middlemen, but also brings liquidity to currently hard-to-trade assets through fractional ownership and the creation of secondary markets that trade globally.

Graham Rodford, CEO and co-founder of Archax, comments: "Archax is designed to be ‘institutional' throughout – it's technology, systems, operations, processes, team, culture and products. Therefore, compliance and regulation are at the very forefront of our strategy.

"We see the tokenisation of assets as the next significant and regulated step in the evolution of the crypto world and something that could potentially revolutionise traditional financial markets too.

"Consequently, Chief Compliance Officer is a vital role for us to fill and we are pleased to have Alex with his highly relevant cross-asset experience, from both the regulator and business side, in this pivotal position."