Reports: abrdn takes stake in digital assets exchange

Kathleen Gallagher
clock • 1 min read

See UPDATE to this story here.    abrdn has become the latest asset manager to put money into digital assets, taking a stake in UK digital assets exchange Archax, according to a report in the Financial Times.  The FT said the stake will allow abrdn to have a seat on the board of Archax. Archax, which is founded by former hedge fund executives, provides a platform for institutional investors to trade cryptocurrencies and tokenised securities, including fractions of shares. In time, the asset manager will use the exchange to grant clients access to its funds in tokenised form a...

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