Archax, a U.K.-regulated crypto exchange and custodian focusing on tokenized assets, has acquired a U.S. broker-dealer in an effort to enter the booming institutional market in the country after recent positive changes on the regulatory environment.
Globacap Private Markets Inc, a broker-dealer and alternative trading system (ATS) regulated by FINRA and the Securities and Exchanges Commission (SEC), is being bought by Archax and being renamed to Archax Markets US.
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