UK-based cryptocurrency exchange Archax plans to launch a tokenized asset trading platform within the year.

BlockBeats news, on October 24th, Archax, a UK-based compliant cryptocurrency exchange platform, announced that it plans to offer a trading platform for tokenized assets such as funds and bonds by the end of this year. The target audience of the new trading platform will be professional investors and institutions. Archax also stated that it has tokenized an overseas market fund priced in euros, pounds, and dollars, which will hold hundreds of millions of dollars. Archax is a digital asset trading platform licensed by the UK FCA, allowing institutional investors to custody and trade various digital assets and traditional securities.