Archax and Fireblocks Forge Alliance to Expand Digital Asset Services

Archax, the exchange, broker, and custodian for digital assets, has integrated
Fireblocks, a platform for blockchain applications and digital asset
management. This partnership aims to strengthen the security of Archax’s
operations and extend product offerings and market reach.

According to the press release, this collaboration
enables Archax to manage its treasury operations more efficiently and leverages
Fireblocks’ multi-layer security to safeguard customer funds. Archax is an
FCA-regulated digital asset exchange, broker, and custodian.

By integrating Fireblocks, Archax aims to benefit from
the company’s Multi-Party Computation technology and Intel SGX. The
company emphasized the importance of collaborating with technology providers to
give customers broader choices.

The integration with Fireblocks also allows
Archax to extend its suite of services, including crypto OTC and exchange
offerings alongside supported crypto trading pairs. Archax’s custody service supports other functions, such as the tokenization
Tokenization

Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen

Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen
Read this Term engine, which handles money market funds and Real World Assets, and the exchange platform, which offers
trading in both crypto pairs and regulated digital securities.