Abrdn, an investment firm with more than $619 billion in assets, has become the largest outside shareholder in digital asset trading platform Archax

Abrdn, an investment firm with over $619 billion in assets, said it has become The largest outside shareholder in digital asset trading platform Archax, according to The Block. Abrdn's shares in Archax will earn it a seat on Archax's board, and Abrdn plans to use Archax shares as a way for investors to access digital security opportunities and connect to existing products through Tokenization. Founded in 2018, Archax is currently the only digital securities trading platform approved by the UK's Financial Conduct Authority (FCA) and has been licensed to cover trading, custody and broking. Founded in 1825, investment firm Abrdn (formerly Standard Life Aberdeen) provides a range of investment services focused on investment solutions, tools and technologies for financial advisors and personal wealth businesses.