Abrdn, a UK asset management firm, has purchased a stake in Archax, the only digital securities exchange to be regulated in the UK.
According to CoinDesk, Archax aims to provide access to blockchain-based digital assets for institutional investors, acting as a bridge to traditional finance. It received registration from the U.K.’s Financial Conduct Authority (FCA) in August 2020, becoming the first exchange to offer digitized securities which are tokenized versions of real-world assets to do so.
Abrdn currently manages ?464bn in assets and said it expects investors to use Archax as a means to invest in digital securities and for Archax to be able to tokenise traditional assets.
Abrdn CEO Stephen Bird said, ?Archax is one of the most promising U.K. players in this next expected high-growth area in finance the use of digital and tokenized securities with same-day settlement. In that sense, the growth of the digital investment market is about much more than cryptocurrencies.p>
Australia-based?Biza.io, which offers Consumer Data Right (CDR) solutions, has reportedly raised $7.5m in its Series A funding round.
OIF Ventures and Jelix Ventures led the round, which is the first external capital raised by biza.io, according to a report from?Digital Nation.
Founded in 2017, Biza.io provides companies with the tools to meet compliance with CDR. It boasts full CDR API implementation, product reference data, consent management, consumer consent dashboards, enterprise integration, and service metrics and admin APIs.
Its conformance testing service covers over 200 ACCC tests, FAPI conformance suite validation with CDR profile and collects test evidence to meet ACC requirements.
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